Usman Salis
After a significant decline from recent highs, SEI appears to be showing early signs of a potential trend reversal as technical indicators suggest selling pressure may be reaching exhaustion levels.
SEI Flips to Bullish Setup
Following weeks of downward pressure, SEI may be positioning for a recovery. Analyst Ali notes that the TD Sequential indicator, which successfully identified SEI's previous market peak, has now generated a buy setup at the monthly open.
This shift is particularly noteworthy because the same indicator accurately predicted the last major top before SEI's correction, suggesting that bearish momentum could be waning.
Chart Analysis: From Selloff to Support
The technical picture reveals several key developments. SEI fell from above $0.33 to the $0.28 range through consecutive bearish sessions. The TD Sequential previously showed a "9" sell setup at the prior high, but now displays another "9" formation with a buy signal, indicating downward momentum may be losing steam. Price action shows SEI stabilizing within $0.285-0.290, creating a short-term support base. The first resistance sits around $0.305-0.310, with stronger resistance near $0.33. A push above $0.30 could confirm SEI is entering a new upward phase.
Why This Signal Matters
The TD Sequential indicator has earned respect for identifying exhaustion points across market cycles. Given its recent accuracy in predicting SEI's market top, the current buy signal carries additional significance. SEI continues generating interest within the blockchain ecosystem, with development progress and growing liquidity providing fundamental support despite market uncertainties.
SEI Price Targets
The path forward depends largely on SEI's ability to maintain support around the $0.285 level while building upward momentum. Success in this area could open the door to initial targets at $0.305 and subsequently $0.33. A decisive breakout above these resistance zones might catalyze a more substantial bullish move. Conversely, failure to defend current support levels could result in further downside pressure toward the $0.27 region.
A Potential Turning Point
SEI's TD Sequential buy signal emerges at a critical inflection point. With bearish pressure potentially easing and technical indicators suggesting possible reversal, traders will watch closely to see if SEI can validate this bullish deve
Usman Salis
