Usman Salis
SEI has caught the attention of crypto traders as it hovers near critical support levels after months of decline. While the token has faced sustained downward pressure through 2024 and into 2025, technical patterns are now hinting at a possible trend reversal. If buying momentum returns, analysts see a path toward $0.90—a significant upside from current levels.
Current Market Position
Right now, SEI is trading around $0.23, sitting within a descending triangle pattern that's been taking shape since late last year. Analyst Ali recently reinforced his bullish stance, noting that the technical setup remains unchanged and still points toward a strong upward move.
The chart reveals several key price targets based on Fibonacci retracement levels. The first hurdle sits at $0.33, followed by a mid-range recovery zone between $0.49 and $0.60. If momentum continues building, the token could eventually push toward the $0.70 to $0.90 range, with $0.90 serving as the primary bullish target. The projected path suggests a step-by-step climb through these resistance zones rather than a single explosive move.
Why This Matters
There are a few reasons why traders are starting to get interested again. SEI has been consolidating in the $0.20 to $0.25 range for quite some time, which typically means sellers are running out of steam. The descending triangle pattern often signals that a reversal might be coming, and we're seeing broader appetite for risk returning across mid-cap altcoins. According to Ali, the underlying market structure hasn't broken down, suggesting SEI might be setting up for a meaningful bounce.
What Could Go Wrong
Of course, nothing in crypto is guaranteed. If SEI can't break through resistance, it could easily slide back toward the $0.16 to $0.18 support zone. The token also trades with relatively thin liquidity compared to major coins, which means price movements can get volatile fast. And as always, broader market conditions—whether driven by Bitcoin or macroeconomic factors—could easily derail any breakout attempt.
Usman Salis
