Peter Smith
● Crypto analyst Ali recently flagged an interesting setup forming on SEI (SEI/USD). The token is approaching a make-or-break technical level that could determine its direction for the coming months. In his words, "$SEI nears the x-axis of a triangle. This area could be the launchpad for a bullish breakout to $0.70!"
● SEI has spent months trapped in a descending triangle — a pattern that typically signals weakening momentum before either a breakdown or reversal. The bottom of this formation sits around $0.18, where the price has bounced multiple times. As SEI tests this zone again, traders are watching to see if it can finally break above the downward trendline that's been in play since early 2024.
● The main risk? A clean break below $0.18 would flip the setup bearish and likely send the price down toward $0.14 or lower. But if support holds, the upside targets stack up nicely: $0.33, $0.49, $0.59, and eventually $0.70 based on Fibonacci projections. That's roughly a 275% gain from current levels.
Peter Smith
