SEI is starting to catch some attention again. After weeks of choppy trading, the coin has shown signs of life. Crypto analyst Michaël van de Poppe shared his thoughts recently, saying SEI could go up to $0.30 if it holds above a key support level around $0.1850.
Right now, the SEI price is trading around $0.20. Earlier this month, it dropped close to $0.17 but bounced back quickly. That bounce got traders interested. On the chart, SEI has been making higher lows, which usually means buyers are stepping in. There’s a support zone between $0.1850 and $0.1875. If that area holds, things could get interesting.
Van de Poppe said this level is really important. If SEI stays above it, there’s a good chance it climbs to $0.30. That would match the price it hit back in May before it fell again. This kind of setup is what a lot of traders look for – a clear support level and a solid target up top.
The SEI chart also shows more people are trading SEI now. Volume is picking up on the green candles, and that usually means more people are buying than selling. The RSI, which measures momentum, is rising but not overbought yet. That suggests there might still be room for a move higher.
The bigger crypto market matters too. Bitcoin has been holding steady, and when that happens, smaller coins like SEI often have room to move. If Bitcoin stays calm or goes up a bit, SEI could ride that wave.
But of course, nothing is guaranteed. If SEI drops below $0.1850, there’s support around $0.1720. If that breaks too, the coin might go lower and lose its bullish setup. So this area it’s in now is pretty important.
Looking at SEI’s past performance, the coin has had its ups and downs. It hit highs near $0.87 earlier this year but has since lost over 75% of its value. That kind of drop can shake out weak hands, but it also resets the chart and creates room for a stronger base. Some traders see these lower levels as opportunities to buy before the next move.
There’s also growing talk around SEI’s tech and what it’s building behind the scenes. The project is known for its speed and low fees, which could make it attractive for developers and users over time. If more use cases pop up and the ecosystem grows, the fundamentals could start catching up with the chart.
A lot of attention is now on the $0.21 level. That’s the next barrier. If SEI breaks through it with solid volume, momentum could build quickly. Some traders are targeting $0.25 as a short-term stop on the way to $0.30.
In short, SEI is at a key spot. Hold above support, and the chart could flip bullish. Fall below it, and the downtrend might continue. Traders are watching closely, waiting to see if this is the moment SEI starts its next leg up.
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