SEI Price Eyes $0.22 After Bullish Breakout From Falling Wedge Pattern

SEI has drawn renewed market attention after breaking out of a prolonged downtrend. The move above $0.205 has shifted short-term sentiment among traders. According to TradingView data, SEI traded at $0.2050, slightly down by 0.63% in the last session.

Analyst Ali posted on X that SEI’s breakout followed weeks of consolidation within a falling wedge. The pattern had developed during a long bearish phase, which often signals a potential reversal.

Ali noted that the breakout near $0.20 reflected a change in control from sellers to buyers. He identified $0.22 as the next target, aligning with a Fibonacci retracement zone and resistance from mid-October.

Analysts Watch for Retest of Breakout Zone

Ali cautioned that short-term pullbacks could occur as SEI retests the breakout trendline. He stated that maintaining higher lows above $0.20–$0.203 would support a recovery phase. “If this level holds, the reversal setup remains valid,” he said.

Another analyst, Crypto Patel, echoed a bullish tone. He posted a chart showing SEI breaking above a descending trendline after several failed attempts. The chart suggested a potential rally of nearly 50%, with a target around $0.30 if momentum continues.

Patel described the structure as “short-term bullish,” noting that volume was increasing after the breakout.

Support and Market Context

Altcoin Sherpa added a cautious perspective, saying SEI is technically at support but lacks strong external drivers. His chart on Binance’s three-day timeframe shows SEI holding between $0.20 and $0.21, an area that has supported price multiple times this year.

Traders are now watching for confirmation above the $0.21 resistance zone. The $0.1908 area, which previously acted as resistance, is now serving as support.

As market activity builds, SEI’s ability to hold above key levels will determine whether this breakout leads to a sustained upward move.