Peter Smith
⬤ SEI has found its footing around the $0.105 mark, sitting right at the bottom of its current trading range as buyers attempt to defend this zone after steady selling pressure. The market has been grinding down into this area, but there are early signs of support kicking in at a level that's proven structurally important multiple times before. The chart shows several bounces off this range low, highlighting just how crucial it is for what happens next.
⬤ The past week brought serious volatility across risk assets, and SEI hasn't been immune—price action has been choppy and uncertain. Right now, this consolidation feels more like hesitation than any real shift in trend. Traders seem to be waiting to see if buyers can actually absorb the selling around $0.105. This zone also lines up with a visible liquidity pocket on the chart, which means we could see sharp moves in either direction from here.
⬤ Eyes are also on the $0.112 resistance sitting at the top of the range. Recent attempts to push higher have failed at this level, leading to renewed downside each time. If SEI can break above $0.112 and hold, it would signal a short-term structure change. On the flip side, if $0.105 gives way on higher timeframes, we're likely looking at a move down to the next liquidity zone, keeping bearish scenarios very much alive.
⬤ This setup matters because extended ranging periods like this usually come before bigger directional breakouts once key levels finally break. How SEI handles this $0.105 support could give us a read on near-term sentiment after last week's turbulence. With liquidity stacked around these clear boundaries, the next move out of this range will likely set the tone for similar altcoins in the sessions ahead.
Peter Smith
