Usman Salis
The SEI token is attempting to bounce back after taking a beating in recent weeks. Now, all eyes are on one crucial price level: $0.213.
What the Chart Tells Us
According to crypto analyst Crypto Tony, reclaiming this threshold could be the catalyst that flips sentiment and sets the stage for a meaningful rally. The chart shows SEI forming a base after its recent selloff, suggesting it might be gearing up for its next move. But can it break through resistance and hold?
SEI is currently trading around $0.201 after bottoming out earlier in October. The price has been slowly climbing, forming a series of higher lows since mid-October—a positive sign that suggests buyers are stepping back in. A massive volume spike accompanied the initial crash, hinting at capitulation selling. Since then, volume has mellowed out, which often points to an accumulation phase where smart money quietly builds positions.
The $0.213 mark highlighted by is the line in the sand. If SEI can close above this level on the daily chart, it would confirm a short-term trend reversal and potentially open the door for further upside. Until that happens, though, the recovery remains tentative.
SEI's comeback attempt mirrors what's happening across the broader altcoin market. After weeks of relentless selling, things are finally starting to stabilize. Liquidity is trickling back into major cryptos like Bitcoin and Ethereum, and that rising tide is lifting smaller tokens too.
On the fundamentals side, SEI continues to make progress with ecosystem development and new liquidity integrations on decentralized exchanges. That's keeping mid-term investors interested, even if short-term traders remain on the sidelines waiting for clearer signals.
Key Levels Traders Are Watching
Here's what matters most right now for SEI:
- $0.213 – The breakout level. Reclaiming this confirms bullish momentum.
- $0.190 – Critical support. Losing this would undermine the recovery setup.
- $0.230–$0.250 – Upside targets if the breakout happens.
- $0.185 – Danger zone. A daily close below here kills the bullish case.
Right now, momentum is neutral to slightly bullish. Most traders are sitting on their hands, waiting for confirmation before making big moves.
SEI is sitting at a crossroads. Break above $0.213 and we could see a push toward $0.25 and beyond. Fail to hold current support, and it's back to range-bound purgatory.
For now, traders are watching closely but staying patient—waiting for that decisive move before calling the downtrend over.
Usman Salis
