Saad Ullah
⬤ SEI has caught traders' attention after punching through its 20-day moving average—the first altcoin in a watched group to pull off this technical move. Currently trading near $0.13, SEI has bounced back from a previously established support zone after months of downward pressure. This breakout marks a potential early sign that momentum might be shifting after an extended downtrend.
⬤ The critical question now is whether SEI can stay above the 20-day MA and form a higher low. If it does, that would signal renewed strength and suggest momentum is genuinely returning. The $0.1573 level stands as the key resistance barrier. Breaking through that zone would confirm the continuation, with traders eyeing a target region between $0.24 and $0.28—a potential upside of roughly 85-115% from current levels.
⬤ The technical picture shows additional bullish signs: SEI has broken a descending trendline and stabilized after months of decline. If it holds above the 20-day MA while printing a higher low, additional momentum could kick in as short-side liquidity gets cleared out. After dropping significantly and consolidating in a lower support band, this move above the short-term moving average represents a meaningful technical milestone.
Saad Ullah
