After a failure to break above the range highs at the start of this week, the SEI token price is once again knocking at the door. The next 24 hours would be very critical for the price of the relatively new smart contract cryptocurrency.
Most altcoins are showing a very positive price action on Wednesday as the Bitcoin price showed a V-shaped recovery from yesterday’s lows. At press time, the biggest cryptocurrency by market cap was changing hands at $37,100 after a brief correction.
Consequently, SEI crypto also caught some bids and was up 3.49% till press time. However, the price still couldn’t break above its weekly high of $0.1705. This may change soon if the price action of the BTC remains positive in the coming days.
You can easily understand the price action of the chart shown above. The SEI to USD pair is currently range-bound within the $0.12-$0.17 zone. A breakout above the high of this trading range will make the SEI token price prediction very bullish.