SEI price has spent the past few months in a steady downtrend, printing consistent lower highs and lower lows. After reaching a bottom near $0.13 in mid-April, the price has rebounded and is now trading around $0.2167. It’s approaching a major technical level that could determine whether this rally continues or fades.
Traders are closely watching this setup, especially as SEI retests a previously strong resistance zone and breaks out of a long-term descending trendline. Here’s a breakdown of SEI’s current chart structure and whether this could be the right time to consider investing.
What you'll learn 👉
SEI Price Breaks a Long-Term Downtrend With Momentum
Since November 2024, SEI has been moving within a defined bearish structure, capped by a multi-touch descending trendline. This trendline rejected multiple rallies, creating clear resistance points. The most recent attempt, however, broke through the trendline on the sixth try, showing persistent buying strength.
This breakout came alongside a move above the 50-day simple moving average (SMA), now holding near $0.1836. SEI price is trading above this level, signaling that short-term sentiment may have shifted in favor of bulls. The 200-day SMA, which sits around $0.3518, is still overhead and will likely act as a long-term resistance.
SEI Price Support Between $0.13–$0.14 Has Proven Strong
The recent bounce started from a well-established support zone around $0.13 to $0.14. This area held during multiple sell-offs and attracted buyers again in April. The higher low formed at this level marked a break in the previous bearish market structure.
Since then, the SEI price has printed a higher high, confirming a potential trend reversal. Traders will watch how the price behaves if it pulls back toward the $0.19–$0.20 range. Holding above that zone would support the case for continuation.
Furthermore, SEI is testing the $0.22–$0.23 range, which acted as a resistance level in February. A daily close above this range could open the door to higher targets between $0.26 and $0.30. Beyond that, the 200-day SMA near $0.35 may come into play.
Until this zone is broken with strong volume, some traders may remain cautious. However, repeated tests of resistance often reduce its strength, and momentum is starting to build.
So, Should You Put $1,000 Into SEI Token?
SEI price has broken out of a multi-month downtrend and flipped short-term structure into a bullish formation. The breakout above the trendline and the 50-day SMA suggests growing buyer strength.
However, the $0.23 level remains unbroken and will be a deciding point for many traders. A close above it, with sustained volume, could attract more attention and potentially validate a larger trend reversal. On the flip side, failure to hold $0.19 on a pullback could slow the momentum. Until then, SEI remains at a technical crossroads.
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