Saad Ullah
SEI has caught traders' attention as it trades within a tight range, forming what technical analysts recognize as a symmetrical triangle pattern. This consolidation phase often serves as the calm before the storm in cryptocurrency markets, with price compression typically leading to significant moves in either direction. As SEI approaches a critical juncture, market participants are closely monitoring key levels that could determine its next major trajectory.
SEI Price Holds $0.29 Amid Growing Anticipation
SEI has been stuck around $0.29, creating a real tug-of-war between buyers and sellers. The daily chart shows a symmetrical triangle taking shape, which usually means a big price move is coming soon.
Well-known trader @CryptoDefiLord highlighted that SEI's current setup looks ready for a major breakout once it pushes through resistance. His analysis shows that as long as the price stays above $0.27–$0.28, the bullish scenario remains alive and could spark a strong rally.
SEI Price Technical Levels to Watch
Here are the key levels traders are watching for SEI:
Immediate resistance: $0.40 Mid-term target: $0.70 Long-term breakout goal: $1.20
On the flip side, support sits around $0.27–$0.28, where SEI has bounced multiple times. As long as buyers keep defending this area, chances for an upward breakout stay strong.
The technical picture backs this up too. The RSI is sitting around 47–48, showing neutral momentum with plenty of room for a big move either way. Trading volume has also picked up during key moments, suggesting smart money might be quietly accumulating.
SEI's price is getting squeezed tighter into the triangle's tip, which usually means volatility is about to explode. These types of setups have historically led to massive rallies once the price breaks free.
If SEI can push above $0.40, momentum could quickly build toward $0.70 and eventually hit that $1.20 target. But if it can't hold above $0.27, the bullish case falls apart and we could see a deeper pullback.
The bottom line: SEI is sitting on the edge of a potentially huge move, and traders are watching every tick for the breakout signal.
Saad Ullah
