The SEI price has quietly slipped into an important area on the chart after weeks of steady downside pressure.
While most of the focus across the market has stayed on bigger names, SEI’s recent bounce has started to catch attention for a simple reason: price has stopped falling, at least for now.
That pause has sparked the usual question traders ask at moments like this. Is this just another brief pause before more downside, or is the market starting to reset?
Crypto analyst Michaël van de Poppe recently weighed in, pointing out that what happens next could matter not just for SEI, but for altcoins more broadly. According to him, the key thing to watch is whether price can reclaim the 20-day moving average, which has been capping upside across the market.
What you'll learn 👉
SEI Is Stabilizing Near a Familiar Support Zone
On the daily chart shared by Michaël, SEI is sitting right around the same price area that held shortly after the token was first listed. That level has shown up before, and once again it’s doing its job, at least for the moment.
Instead of another sharp sell-off, the price action has slowed down. SEI is moving sideways just above the $0.11 area, indicating that sellers are losing steam. Buyers aren’t exactly rushing in, but they’re clearly willing to step in enough to stop the slide.
That kind of behavior doesn’t mean a reversal is guaranteed. But it does show the market is trying to find its footing after a prolonged drop, which is often how trend changes begin.
SEI Still Has the 20-Day Moving Average to Beat
In spite of the current rally, the current price of SEI remains below the 20-day moving average. This boundary has marked a definite resistance level in the decline, rejecting each effort made by the price to move above the line in the past weeks.
Van de Poppe highlighted this level as a key hurdle. A clean break above the 20-day MA would suggest momentum is finally shifting. Until that happens, any upside move should be treated cautiously.
If the SEI price does manage to reclaim that level and hold above it, the next logical area on the chart sits around $0.16. This corresponds with a zone of resistance that existed before, and this would be the first test of strength if buyers do come into play.
Momentum Is Improving, but Conviction Is Still Lacking
Momentum indicators are starting to level out, but they haven’t flipped decisively bullish yet. Volume remains average, and price is still compressed below resistance. That tells a familiar story: the market is interested, but not confident.
In simple terms, SEI is in wait-and-see mode. Holding this support keeps recovery on the table. Losing it would likely reopen the door to lower prices.
Read Also: SEI Looks Bullish at First Glance Until This Metric Changes the Picture
What’s Next for SEI?
Right now, SEI looks like many altcoins at the moment. It’s not collapsing, but it hasn’t proven it’s ready to run either.
The real signal will come if the SEI price can hold this base and break back above the 20-day moving average.
Until then, patience matters more than prediction. The chart is setting up for a move, it just hasn’t decided which direction yet.
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