Peter Smith
SEI cryptocurrency has been quietly building strength through a textbook Wyckoff accumulation phase. This technical pattern, beloved by institutional traders, often precedes significant price breakouts. With several months of consolidation now behind it, SEI appears ready for its next major move.
SEI Price Forms a Strong Accumulation Base
SEI's chart tells a compelling story of patient accumulation. The token has been following the classic Wyckoff methodology, cycling through key phases that smart money uses to build positions before major rallies.
Trader @iWantCoinNews recently spotlighted the clear Wyckoff signals appearing on SEI's chart. The pattern shows textbook phases: a Selling Climax (SC) that marked the bottom, followed by Secondary Tests (ST) and Last Points of Support (LPS). These formations typically signal the final stages before a breakout attempt.
The accumulation phase has been methodical, with each dip finding buyers at progressively higher levels. This price action suggests institutional interest is building behind the scenes.
SEI Price Levels to Watch: Support and Resistance
Currently trading around $0.289, SEI sits comfortably above its crucial $0.22 support level. This zone has proven resilient during recent market volatility and remains the line in the sand for bulls.
The next challenge lies in the $0.35-$0.40 resistance band. Breaking through this area would likely trigger momentum buying and open the path toward the primary target at $0.46 – a level that aligns with Wyckoff "Sign of Strength" projections.
Volume patterns support this bullish thesis. July's breakout attempt came with a notable surge in trading activity, indicating serious buyer interest at higher prices.
SEI Price Outlook: Q4 Could Be Explosive
The technical setup suggests SEI has likely completed its base-building phase. Higher lows throughout early 2025 confirm growing bullish sentiment, while volume profiles show steady accumulation by larger players.
A sustained break above $0.35-$0.40 could accelerate quickly toward $0.46 and potentially beyond. The Wyckoff model suggests once accumulation ends, price movements can be swift and substantial.
However, losing the $0.22 support would pause the bullish narrative, though it wouldn't necessarily derail the longer-term positive outlook.
Peter Smith
