Saad Ullah
SEI/USDT has climbed back above its 100-day simple moving average, sparking renewed interest among traders. Trading at $0.2883 with a daily gain of 2.31%, the token appears positioned for a potential move toward $0.36, representing approximately 20% upside from current levels.
Technical Setup
Trader Ali recently noted that SEI's reclaim of the 100SMA creates an interesting setup with potential for significant gains if the momentum holds. After dropping to support around $0.266, the token rebounded and now sits comfortably above $0.28. This recapture of a key moving average often signals waning bearish pressure and growing buyer interest.
The current technical picture shows several important levels. Support has formed between $0.266 and $0.270, providing a floor during the recent pullback. Price now trades at $0.2883, showing near-term strength. On the resistance side, the first barrier appears at $0.305, followed by stronger resistance around $0.325. Breaking cleanly above these zones could open the door to $0.355–$0.360. The chart pattern suggests a potential sequence of higher lows and higher highs, typical of bullish continuation if trading volume supports the move.
Why This Matters
SEI has attracted attention as a high-performance blockchain designed for decentralized applications and trading platforms. The 100SMA reclaim marks an important technical milestone that traders often interpret as a shift from bearish to bullish momentum. With broader crypto market sentiment improving, SEI could see increased speculative interest in the coming sessions.
Saad Ullah
