Peter Smith
⬤ Recent analysis suggests SEI "may be forming a double bottom"—a bullish reversal pattern typically seen after prolonged downtrends. This formation points to a potential breakout of nearly 400%, with a technical target around $0.70 if the price reclaims the neckline near $0.38. The chart shows two rounded lows forming across early 2024 and late 2025, with a projected steep rally extending into 2026.
⬤ Proposed crypto tax changes add an important layer of uncertainty to SEI's outlook. Policymakers are considering stricter tax frameworks including higher capital gains rates, enhanced reporting requirements, and new transaction fees. For emerging projects like SEI, these changes could increase operational pressure on teams and exchanges, potentially forcing smaller firms out of business and pushing talent toward more crypto-friendly jurisdictions.
⬤ The double-bottom pattern has historically triggered strong reversals when confirmed, especially with improving market sentiment or fresh capital inflows. SEI's stabilization near $0.17 represents the second low in this pattern, giving traders more confidence in the setup's validity.
⬤ From a market structure perspective, the potential SEI breakout is gaining attention as investors watch whether the asset can hold support, clear the neckline, and push higher. A confirmed breakout would represent one of SEI's most significant technical reversals, potentially reshaping its price trajectory heading into 2026. With regulatory debates heating up and bullish momentum building, SEI sits at a critical turning point that could determine its next major cycle.
Peter Smith
