Peter Smith
SEI is entering October - widely known among crypto traders as "Uptober" - with a promising technical structure. Price action indicates the market is forming a strong base, raising expectations for a potential rally in the coming weeks.
Technical Analysis of SEI
As noted by Sei Intern, SEI has maintained a bullish structure with a series of higher lows visible on the daily chart. Despite periods of volatility, the asset continues to respect its ascending trendline, which has become a critical support level for traders.
The chart reveals several encouraging signs. SEI repeatedly bounces from the $0.25–$0.27 range, reinforcing this level as a strong base. The higher lows pattern suggests accumulation is underway, signaling that buyers are gradually regaining control. If momentum continues, a sustained move could target the $0.50–$0.70 zone, representing major resistance levels ahead. While trading activity has moderated recently, this stability indicates sellers are weakening and buyers may soon step in with more conviction.
Why Uptober Could Drive Gains
Several factors support SEI's favorable setup heading into October:
- Seasonal Sentiment – Historically, October has been one of the strongest months for crypto markets
- Layer-1 Momentum – SEI benefits from continued interest in scalable blockchain networks
- Market Tailwinds – Broader crypto recovery, led by Bitcoin's stability, creates a supportive backdrop for altcoins
- Investor Positioning – Rising lows often attract early buyers looking to position ahead of stronger rallies
- Chart Structure – The consolidation followed by gradual upward pressure suggests SEI could be gearing for expansion
Final Thoughts
Sei's chart setup heading into Uptober looks encouraging for bullish traders. With support firmly established at the $0.25–$0.27 range, the coin appears well-positioned for a push toward the $0.50–$0.70 resistance levels. While risks remain in a volatile market, the technical picture shows that SEI is building a foundation for potential upside in the near term.
Peter Smith
