Usman Salis
SEI is catching traders' eyes as it challenges a key resistance zone that's held firm for months. If the token breaks through current levels, we could see a significant rally unfold, with technical patterns pointing toward a possible $0.90 target. The setup reflects growing confidence in SEI as broader crypto market momentum picks up.
Current Market Position
Trading around $0.29, SEI is pressing against a descending trendline that's capped its price for nearly a year. According to analyst Ali, the altcoin may be gearing up for a sharp move toward $0.90 if it manages to punch through this resistance. A clean break here would flip the market structure from bearish to bullish and open up room for higher price levels.
Technical Picture
The weekly chart tells an interesting story. SEI has found solid footing in the $0.28–$0.29 zone, which has become a reliable support base. Above current prices, several resistance levels are stacked up: $0.35 sits at the 0.786 Fibonacci retracement, followed by $0.51 at the 0.618 level. The bigger targets lie between $0.63 and the $0.75–$0.90 zone, which aligns with the 0.5 to 0.236 Fibonacci retracements and matches the analyst's projection.
What makes this setup compelling is the long-term trendline test happening right now. Breaking through could trigger a multi-stage rally, with each resistance flip potentially adding fuel to bullish momentum. The chart suggests SEI might be shifting from a quiet accumulation phase into something more explosive.
Why It Matters
While SEI hasn't grabbed headlines like Bitcoin or Ethereum, its current technical setup makes it worth watching. If volume picks up and the breakout confirms, we could see fresh investor interest flow in, especially if the token holds above $0.30. That level could act as a new support floor if the rally gains traction.
Usman Salis
