Peter Smith
SEI just delivered what traders live for - a clean 10% pump in one day that caught the market's attention. Trading around $0.3408 on Binance, the token bounced hard off support and is now testing resistance levels that could unlock even bigger moves.
The Technical Picture
As Gohan pointed out, this kind of explosive price action is exactly what makes SEI a favorite among momentum traders.
The 15-minute chart tells the whole story. SEI found solid footing at $0.33, right where the 99-period moving average was waiting to provide support. That level held like a rock, giving bulls the confidence to push higher. Volume exploded to nearly 900K, which is exactly what you want to see when price breaks out - it confirms this isn't just a fake move.
The surge came after weeks of accumulation between $0.31-$0.33, setting up the perfect launch pad for today's breakout. This wasn't random - the setup was there for anyone paying attention.
What's Driving the Rally
Three key factors are powering this move:
- Smart Money Accumulation: The $0.31-$0.33 zone saw serious buying, creating the foundation for today's breakout
- Momentum Trading: SEI attracts traders looking for fast-moving assets, and word spreads quickly when it starts pumping
- Altcoin Rotation: While many altcoins struggle, SEI is showing real strength and outperforming most of its peers
Support is holding strong at $0.33 where the moving average continues to act as a safety net. The big test comes at $0.35 - that's the psychological barrier everyone's watching. If SEI can punch through there cleanly, the next stop could be $0.38-$0.40, which would represent another 15-20% gain from current levels.
Peter Smith
