Peter Smith
⬤ SEI has recovered after sweeping recent lows, but the rebound hasn't created any clear momentum yet. The token is consolidating alongside most altcoins right now, reacting to resistance zones without making a decisive move in either direction.
⬤ The $0.11 level is the key resistance traders are watching. Breaking above this zone would flip the market structure and allow SEI to form higher lows, potentially opening the door for further upside. Until that happens, though, price action stays choppy and range-bound below resistance.
⬤ Support sits around $0.1044, and holding this level keeps the short-term uptrend intact. Pullbacks to this area could offer reversal setups if support holds. But if SEI loses $0.1044, downside momentum would likely return, with the weekly low near $0.10 becoming the next target.
⬤ This setup isn't unique to SEI—many altcoins are trading in similar compressed ranges with clear levels defining the next move. Macro events like the upcoming FOMC decision could be the catalyst that finally pushes prices out of consolidation. Whether SEI reclaims $0.11 or drops below $0.1044 will likely shape sentiment across the broader altcoin market in the near term.
Peter Smith
