Saad Ullah
● Technical analyst Ali from Ali recently pointed out that SEI is defending an important support zone that could spark a meaningful recovery. His chart shows SEI moving within a parallel ascending channel, where the price has consistently bounced off both the upper and lower boundaries.
● Right now, SEI is trading around $0.19 at the channel's lower edge—a spot that's previously triggered bullish reversals. According to Ali, "SEI is holding key support! A rebound here could take it to $0.31 or even $0.44." Despite recent selling pressure, the technical setup remains solid, suggesting buyers might step in if this support holds.
● The main risk is simple: SEI needs to stay above $0.19–$0.18. A clear break below could push it down to $0.15, which would likely trigger stop-losses and shake out overleveraged traders. This could amplify volatility, especially in SEI's DeFi ecosystem where liquidity is relatively thin.
● If the support holds, it could restore confidence and stabilize trading flows. A bounce to $0.31, potentially extending to $0.44, would bring back volume and help offset recent losses. A gradual recovery supported by growing on-chain activity would be healthier for long-term holders.
● SEI's current pattern looks similar to what other Layer-1 tokens are going through—a consolidation phase while the market digests regulatory news and evolving tax policies. A successful rebound from here could position SEI as a strong mid-cap performer heading into year-end, especially if broader market sentiment improves.
Saad Ullah
