SEI Forms Bullish Pattern as Buying Pressure Builds

SEI’s price action is signaling a potential breakout as the token forms a bullish inverse head and shoulders pattern. The cryptocurrency is gaining momentum, pushing against key resistance levels, while major market participants are showing strong interest. 

Analysts are watching the $0.25 level, with projections pointing toward a rally if it holds. Meanwhile, blockchain data reveals substantial purchases from World Liberty Financial, adding to the growing optimism surrounding SEI’s market movement.

SEI Forms Bullish Inverse Head and Shoulders Pattern

Analyst Suzzy | DeFi (@SuzzyDefi) highlighted SEI’s ongoing breakout attempt, noting the emergence of a classic inverse head and shoulders pattern on the 2-hour chart. 

According to the analysis, SEI has transitioned from a previous downtrend into a consolidation phase, setting the stage for an upward reversal. The pattern consists of a left shoulder forming in early February, a lower dip representing the head in mid-February, and a right shoulder emerging at a slightly higher low, indicating increasing buying pressure.

SEI is currently testing the neckline resistance at $0.25, a key breakout level that could confirm bullish momentum if successfully breached. Should SEI sustain this move, analysts foresee a price surge toward $0.30-$0.36. Conversely, failure to hold above this level could result in a retest of support at $0.2200-$0.2100 before another breakout attempt.

With its current price of $0.2513, SEI has increased by 13.47% in the last day and 10.57% in the last week. At $159 million, trading volume is still high, indicating increased market activity. The next targets are set between $0.30 and $0.36, with resistance still standing at $0.25. Buyers had previously intervened in the $0.2200–$0.2100 zone, which is established as support on the downside.

Momentum indicators suggest that bulls are gaining control, with higher lows supporting the upward trend. Analysts emphasize that maintaining price action above $0.25 is critical for continued upward movement.

Read also: Pi Network (PI) Dips 60% After Launch—And It Could Get Worse: Here’s Why

World Liberty Financial Buys SEI and Expands Holdings

On-chain data provided by Spot On Chain (@spotonchain) reveals that World Liberty Financial (@worldlibertyfi) recently acquired 547,990 SEI tokens on Ethereum for $125,000 USDC. The transaction, completed within the last few hours, underscores growing institutional interest in SEI amid its breakout attempt.

Additionally, blockchain analysis uncovered two newly created multi-signature wallets linked to the same entity, collectively spending 20 million USDC to acquire 400 million WLFI tokens. The large-scale purchases indicate that significant capital is entering the market, further fueling bullish sentiment.

With SEI pushing against resistance, traders are monitoring price movements to confirm a breakout. A sustained move above $0.25 could lead to further gains, aligning with the technical pattern’s projections. However, if resistance holds, a pullback toward support levels may occur before another breakout attempt.

The combination of technical strength and institutional buying has positioned SEI as a key asset to watch in the coming days. Market participants are assessing whether the token can sustain its momentum and reach the anticipated $0.36 level.

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Samuel Munene
Samuel Munene

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