SEI is showing potential for a trend reversal after breaking a key descending trendline. Moreover, the token has regained its footing above a key support level and is climbing back above its 20-day moving average. This could hint at a change in market direction.
However, there are still some hurdles ahead – how SEI handles these resistance levels will likely determine if this bounce has staying power or fizzles out. Analysts emphasize that the price remains below critical resistance zones, making a definitive macro bullish move uncertain.
According to Patric H. from CryptelligenceX, SEI recently swept its August 2024 lows before bouncing back. This liquidity sweep triggered stop-loss orders, leading to a reversal.
$SEI is Showing Signs of Life!
— Patric H. | CryptelligenceX (@CryptelligenceX) February 22, 2025
Here's an example of an altcoin trend change in action – and why it's not that easy to conclude a sustainable macro bullish move just yet. 🧵… pic.twitter.com/r1ycVpQUX9
After forming a base, the price broke above the descending trendline, marking a potential trend shift. A strong bullish candle confirmed the breakout as it closed above the 1D EMA20, reinforcing short-term momentum.
The price has since retested this moving average and continues to push higher. However, analysts caution that this could be a corrective impulse rather than a sustained bullish move. SEI may simply be filling an imbalance from early February, making the next key resistance level crucial. At press time, SEI trades at $0.2816, up for the day and past week.
Read also: How Much Will 10,000 PI Coins Be Worth At the Peak of the Bull Run?
Key SEI Resistance Levels to Watch
SEI’s price action shows strong resistance at the $0.3294 level. Interestingly, this price point has changed from a previous floor of support to a ceiling that is containing upward movement. It might indicate a change in momentum to the upside if SEI can break through and hold its position above this level. However, a rejection at this resistance could trigger another downward move.
Another key resistance is the 1D EMA200 at $0.3962. SEI remains well below this level, indicating that the macro trend is still bearish. A rejection here could establish a lower high, reinforcing bearish pressure. However, if SEI reclaims this level and holds above it, a rally toward new all-time highs could be possible.
In the short term, SEI exhibits bullish characteristics after breaking above key levels. The price action suggests an attempt to reclaim higher territory, with momentum favoring buyers. However, for a mid-term bullish trend to materialize, SEI must reclaim $0.3294.
Long-term outlook remains bearish until the price surpasses the EMA200. A successful break and retest of this level would confirm a macro bullish shift. Until then, SEI remains a trader’s market, offering both long and short opportunities at critical price points. Traders are monitoring resistance levels to determine whether SEI can sustain its upward movement or face rejection at key barriers
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
