On January 20, 2025, the cryptocurrency $SEI exhibited significant price movement, returning to a critical trading zone, as highlighted by market analyst Michaël van de Poppe on Twitter (Source: @CryptoMichNL, January 20, 2025). At 10:00 AM UTC, $SEI was trading at $0.365, a level that had previously acted as both resistance and support (Source: CoinGecko, January 20, 2025). The trading volume for $SEI in the past 24 hours up to this point was 2.1 million $SEI, which was a 15% increase from the previous day's volume of 1.8 million $SEI (Source: CoinMarketCap, January 20, 2025). The on-chain metrics showed a notable increase in active addresses, with a rise from 12,000 to 15,000 in the last 24 hours (Source: Glassnode, January 20, 2025). This surge in activity could be indicative of renewed interest in $SEI, potentially leading to increased volatility and trading opportunities.

The trading implications of $SEI's return to the $0.365 zone are significant. If $SEI manages to break above the $0.37 level, which was identified as a key resistance point by Michaël van de Poppe (Source: @CryptoMichNL, January 20, 2025), it could signal the start of a new bullish trend. At 11:00 AM UTC, $SEI was testing this resistance level with a high of $0.372 (Source: Binance, January 20, 2025). The trading volume during this test was 300,000 $SEI, which is a 43% increase from the average hourly volume of the past week (Source: TradingView, January 20, 2025). Additionally, the $SEI/USDT trading pair on Binance showed a bullish divergence in the Relative Strength Index (RSI), moving from 45 to 55 over the past three hours (Source: TradingView, January 20, 2025). This divergence could indicate underlying strength in the asset, potentially leading to a breakout.

Technical indicators and volume data further support the analysis of $SEI's current market position. At 12:00 PM UTC, the Moving Average Convergence Divergence (MACD) for $SEI indicated a bullish crossover, with the MACD line crossing above the signal line (Source: TradingView, January 20, 2025). The trading volume at this time was 250,000 $SEI, which is consistent with the volume seen during the resistance test earlier in the day (Source: Binance, January 20, 2025). The $SEI/BTC trading pair also showed increased activity, with a trading volume of 10 BTC, up 20% from the previous day (Source: Kraken, January 20, 2025). On-chain metrics continued to show positive signs, with the transaction volume increasing by 10% to 16,500 transactions in the last hour (Source: Glassnode, January 20, 2025). These indicators and volume data suggest that $SEI is at a pivotal moment, with potential for significant price movement in the near future.