FxWirePro- SEIUSD (Chart of the day)

Sei is the fastest Layer 1 blockchain, designed to scale with the industry.it is specialized for the exchange of digital assets.It is the first parallelized EVM. Parallelization lets you process multiple things at the same time (i.e. in parallel).

SEI features -

12,500 Transactions Per Second

380MS Time To Finality

3B+ Transactions

Recent News-

The SEI eco reached new milestones in TVL(in both USD and SEI) alongside non-stop developer activity, integrations, and deployments.

SEI network upgrade V2 has attracted a wave of new users and liquidity, boosting the network's overall TVL significantly.

SEIUSD performed well in the past two days.

Any daily close above $0.50 confirms further bullishness.

SEIUSD gained more than 30% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and below the long-term moving average. It hit a high of $0.3449 and is currently trading around $0.3353.

The bullish invalidation can happen if the pair closes below $0.10. On the lower side, the near-term support is $0.25. Any break below target $0.20/$0.10.

The immediate resistance stands at around $0.370. Any breach above confirms bullish continuation. A jump to $0.450/$0.50 is possible. A surge past $0.50 will take it to $0.70.

It is good to buy on dips around $0.25 with SL around $0.20 for TP of $0.45.

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