Key Insights:
- •SEI trades in a falling channel, with buyers defending key support around the $0.20 level.
- •A breakout above $0.31 could open targets at $0.36, $0.47, and possibly $0.65.
- •Failure to reclaim $0.26–$0.28 box may keep SEI locked in a corrective downtrend.
SEI was now priced at $0.2152, down nearly 5% in the last 24 hours and over 24% this week. The token has pulled back toward a familiar support zone near $0.20, a level that has seen past buying interest. So far, buyers are holding the line, but the pressure remains.
The monthly trend is still weak. Since early 2024, SEI has formed a pattern of lower highs and lower lows. On the technical side, the RSI stands at 49.39, suggesting a neutral reading. The MACD remains below zero at -0.0725, with no signs yet of a momentum shift.
Breakout Point to Watch: $0.31
On the daily chart, SEI continues to trade inside a symmetrical triangle that has been forming since early this year. The price is now near the lower edge of this pattern, showing tight consolidation. The focus is now on the $0.31 level, which lines up with a key Fibonacci level and may act as a breakout trigger.
Analyst Ali posted,
“$SEI looks ready to bounce here! A break above $0.31 could trigger a rally to $0.65.”
The price has not reached this level yet, but it remains the key resistance zone that could shift the trend. Short-term resistance is now just under $0.26, while support continues to hold near $0.22.
Bigger Picture Shows Price Inside a Downward Channel
From a higher time frame, SEI remains within a falling channel that stretches back several months. The price recently bounced from the lower boundary of this range.
According to The Wyckoff Architect
“A bullish continuation requires a clean reclaim of that box. Otherwise, the structure remains corrective.”
The box in question sits between $0.26 and $0.28. Price briefly moved into this range but failed to hold. Until SEI reclaims and holds above it, the trend remains under pressure. A rejection could send the price back toward the $0.11–$0.13 area, matching a wave 5 completion pattern.
Market Awaits Confirmation
Right now, SEI trades in a neutral zone. Traders are watching for a confirmed move above $0.26–$0.31. Without that, the current bounce may not hold. As The Wyckoff Architect noted, “Formation doesn’t occur in one wick.” The market is waiting to see if strength follows—or if this remains just another pause in a longer downtrend.