SEI has been on a strong run lately, climbing more than 10% in the past day and now trading around $0.1857. The latest surge comes right after a breakout from a long-term chart pattern that’s caught the eye of traders keeping an eye on support levels and the broader Layer 1 ecosystem.
On X (formerly Twitter), analysts are connecting the rally to both bullish chart signals and SEI growing fundamentals.
Prominent analyst Crypto Winkle pointed out that SEI price just broke out of its second falling wedge on the daily chart, a setup that often leads to a reversal to the upside. Both wedge patterns on the SEI chart ended with a bounce, and this latest breakout happened after price tested the $0.117 to $0.127 zone, an area that’s held up as support multiple times before.
The chart projection now shows a possible short pullback before a push higher toward the $0.37 to $0.44 zone. That range acted as strong resistance in the past, and if momentum keeps building, it could become the next big target for bulls.
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SEI Resistance Levels Still in Play
Another chart shared by market analyst The Crypto Express shows SEI price consolidating within a descending broadening wedge. The token rebounded from the lower trendline near $0.175, suggesting support is holding. However, the 21-day moving average, located around $0.188, has acted as dynamic resistance throughout the current downtrend.
SEI price movement between $0.188 and $0.195 may determine the next breakout zone. A daily close above both the upper trendline of the wedge and the 21MA would confirm a shift in short-term trend structure.
SEI On-Chain Metrics and Fundamentals Provide Support
Crypto Winkle emphasized that SEI latest price movement aligns with core infrastructure developments. The network offers a Parallelized EVM with throughput exceeding 5 gigagas per second and finality under 400 milliseconds. These features are currently live, not theoretical benchmarks.
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The platform is also processing over 1.3 million transactions daily and attracts more than 7.3 million unique active wallets each month. These figures suggest continued engagement, which traders are beginning to price into the market.
Further, SEI price support remains firm around $0.117–$0.127, with fresh demand forming at $0.150. On the upside, resistance at $0.27–$0.30 may pave the way toward the $0.37–$0.44 range, a level traders are now watching closely for continuation
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