Technical analysis by TopGBanks about Symbol SEI: Buy recommendation (8/10/2024)

The 4-hour chart for SEI/USDT on Binance shows a strong upward movement within a well-defined ascending channel. The price recently broke above the resistance at $0.28, which has now turned into a support level.The price action suggests a bullish continuation within the channel, with potential pullbacks toward $0.28 or $0.30 providing opportunities for long positions. If the upward momentum continues, the next major resistance level is at $0.38.