At the moment, Seele (SEELE) is officially the second most powerful gainer on a yearly time frame with the 910% value increase in USD, while SwissBorg (CHSB) is holding the first spot after having made 983% to the upside over the same period of time. However, the peak of bullish price action happened in the fall of 2019, whereas right now, the altcoin is dealing with the consequences of the market collapse that occurred in March and brought Seel’s very prominent uptrend to a halt.
SEELE historical price chart
Nevertheless, the coin that represents the heterogeneous multi-chain ecosystem that runs on the Neutral Consensus protocol shows eagerness to stick to the bullish scenario, which translated into a head & shoulders formation on the all-time chart. That formation has proven its reliability on all time frames, which gives us sufficient reason to believe that SEELE is going to aim for the new higher high above $0.17, although establishing it could take up to three months.
Right now, Seele is priced at $0.009, with the market capitalization of $69 million that has reduced in size by half since January 2020.
Seele is traded almost exclusively on the Huobi Global cryptocurrency exchange that takes up 96% of the overall trading volume. During the last 30 days, the average trading volume has been mostly stable at around $14 million, with occasional spikes to $22 million and even $35 million on May 26, which tells us that SEELE is dedicated to making slow but consistent gains during the coming weeks, using the 50 EMA as support.
Speaking of moving averages, the trend-determining 99-period EMA has flattened out right after the emergence of the cup and handle pattern on the daily time frame that is widely considered as being either the continuation or the reversal pattern.
1-day SEELE/USDT chart
Also, please note how the indicators changed their stance to being bullish even before the pattern was finalized, which points to the moment when the bulls began to seize the initiative in this market.
But, apparently, the road to the upside won’t be an easy one for SEELE since there are two major resistance levels at $0.11 and $0.13 that converge with the 0.618 and 0.786 Fibonacci retracement levels that will amplify the resilience of these barriers. In fact, the price already managed to puncture the resistance at $0.11 once but was immediately rejected to 0.5 on Fibonacci, where it began to consolidate.
Interestingly, MACD remained mostly neutral throughout the entire period of bullish price action, thus leaving plenty of room for the price to perform an upswing to the higher price target. The RSI is also relatively far from flashing the overbought signal, but at the same time, the indicator shows that the bulls might be loosening their grip on the market as it displays inclination towards remaining neutral for the time being.
In conclusion, SEELE is definitely showcasing plenty of bullish potential. However, that potential mightn’t be realized immediately as the bulls and the bears seem to have clinched near the price level at $0.01, so traders should prepare for more consolidation in the coming week, but still retain the bullish outlook for the next month.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||64%||72||$61 042.69||0.62%||0.36%||$1 150 794 336 311|
|2||ETH||Ethereum predictions||71.6%||55||$4 117.18||3.66%||7.58%||$486 030 676 596|
|3||BNB||Binance Coin predictions||73.2%||57||$483.09||1.03%||3.50%||$80 579 954 221|
|4||ADA||Cardano predictions||91.2%||14||$2.16||0.08%||-1.18%||$71 002 197 011|
|5||USDT||Tether predictions||95.2%||1||$1.000381||0.04%||0.03%||$69 600 606 049|
|6||SOL||Solana predictions||70.4%||52||$196.57||-0.49%||24.39%||$59 131 401 979|
|7||XRP||XRP predictions||76%||49||$1.088980||0%||-4.47%||$51 123 615 596|
|8||DOT||Polkadot predictions||60.4%||77||$43.78||0.35%||4.61%||$43 239 027 943|
|9||DOGE||Dogecoin predictions||72%||56||$0.248946||1.22%||4.69%||$32 814 608 422|
|10||USDC||USD Coin predictions||92.4%||1||$1.000560||0.03%||0.06%||$32 561 971 437|
|11||LUNA||Terra predictions||70.4%||62||$42.85||-2.61%||17.12%||$17 200 813 172|
|12||UNI||UniSwap predictions||77.2%||42||$26.67||4.27%||-0.87%||$16 312 283 765|
|13||AVAX||Avalanche predictions||68%||61||$65.25||0.30%||13.12%||$14 373 086 792|
|14||LINK||Chainlink predictions||77.6%||48||$30.88||7.84%||13.15%||$14 233 972 483|
|15||WBTC||Wrapped Bitcoin predictions||64.8%||71||$61 137.09||0.71%||0.47%||$13 559 759 340|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2021 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.