According to @CryptoMichNL, the immediate objective across major crypto assets is a clean break above the 20-day moving average, with Bitcoin (BTC) testing it, Ethereum (ETH) trading near it, and many altcoins such as SEI hovering around it, making this level the key near-term resistance to watch, source: @CryptoMichNL. He adds that while price action looks weak, underlying ecosystems for many assets, including SEI, are expanding significantly, creating a fundamentals-versus-technicals setup for traders to monitor, source: @CryptoMichNL.

According to Material Indicators (@MI_Algos), switching FireCharts from Normalized Cumulative Volume Delta (CVD) to Absolute CVD reveals that $130 million in BTC market buy orders have broken through resistance at $110, signaling a significant shift into price discovery. This surge in buying volume highlights strong bullish sentiment and supports the potential for further upward movement in the Bitcoin market, which is critical for traders monitoring breakout scenarios and liquidity shifts. Source: Material Indicators (@MI_Algos), May 22, 2025.