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SEI Price: Trump’s DeFi Venture Loads Up on Half Million Tokens During Market Dip
World Liberty Financial (WLFI), a decentralized finance (DeFi) venture backed by former US President Donald Trump, has made a significant investment in SEI, acquiring half a million tokens at an average price of $0.175. This strategic move comes during the current market downturn, indicating WLFI’s commitment to long-term growth and sustainability.
As the bearish trend continues, the crypto asset has fallen sharply, with its price hovering around $0.15. However, recent technical analysis suggests that SEI may be on the cusp of an impulsive recovery wave. The downside risk is capped by $0.175, serving as nearby support. A drop below $0.15 would likely invalidate the bullish outlook.
Notably, the RSI indicator has entered oversold territory across multiple timeframes, which often precedes a reversal. Traders are closely monitoring potential bullish divergence on this metric.
