After several weeks of slow bleeding, SEI is finally showing some technical and fundamental signs of life. According to the latest chart shared by Coinpedia Markets, SEI has formed a textbook bullish structure that could open the door for a breakout move — if momentum holds.
On the daily chart, SEI appears to have formed a double-bottom pattern, with support established around the $0.1688 level. This is a common reversal signal in technical analysis. When this pattern is paired with a neckline (resistance) near $0.2725, it sets the stage for a possible trend reversal — especially if the neckline breaks with strong volume.
In addition to that, the SEI price has also created a bullish flag pattern, where price moved up sharply and then entered a downward-sloping consolidation channel. This is typically a continuation pattern, meaning the price could break upward from the flag and resume the previous bullish impulse.
If the breakout above the neckline confirms, the projected target from both patterns points to around $0.3058, giving SEI a strong near-term upside of around 50% from current levels (now trading near $0.2035).
What you'll learn 👉
Indicators Are Warming Up
The MACD is beginning to curl upward, suggesting a shift in momentum. While it’s not fully bullish yet, it’s showing early crossover potential. Meanwhile, the RSI has bounced off the lower 40s and is now heading toward the 55 mark — not overbought, but definitely recovering from bearish conditions.
This shows bulls are regaining control, but they’ll need to push SEI through the resistance at $0.24 first before targeting the $0.2725 neckline.
Read also: This Hidden Signal Might Be the One Altcoin Investors Have Been Waiting For
On-Chain and Fundamental Support for the Bullish Case
Coinpedia’s tweet also highlights some impressive recent developments around the SEI ecosystem that could fuel more upside.
- Regulatory Progress: SEI has been selected by the Wyoming Stable Token Commission to support WYST, the first U.S. state-issued fiat-backed stablecoin. This gives SEI a major credibility boost on the regulatory front.
- Interoperability: Integration with LayerZero improves SEI’s cross-chain functionality, a critical edge in today’s multichain DeFi and gaming environment.
- User Growth: SEI has a 30% spike in transactions (now over 35M) and a 100% rise in active addresses, now sitting at 7.6 million. These are real signs of adoption and increasing demand.
- Gaming and DeFi Metrics: SEI now ranks #2 in Web3 gaming, with 2.5 million weekly unique active wallets and over 29 million weekly transactions. Its TVL stands at $550 million, and its stablecoin market cap is over $215 million, placing it ahead of some well-known chains like Cardano, Hedera, and Algorand in terms of real usage and value locked.
Conclusion: Cautiously Bullish
SEI has built a convincing technical setup for a potential breakout, supported by real ecosystem growth and strong on-chain metrics. If bulls can break above the next resistance levels at $0.24 and $0.2725, the next target of $0.3058 looks well within reach.
That said, volume confirmation and broader market conditions still matter. A failure to hold above $0.20 could stall the move, but for now, SEI is one of the more technically and fundamentally aligned altcoins showing early signs of reversal.
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