SEI continues to strengthen its position in the crypto market with a notable surge in value. Over the last 24 hours, the token has gained almost 6.2%, while weekly performance shows an increase of 12.55%. The consistent upward movement is attracting traders’ attention as it defies broader market fluctuations.
At the time of writing, the token is trading at $0.3167, supported by a significant rise in trading activity. The 24-hour trading volume stands at $239.12 million, reflecting a jump of 124.56% compared to the previous 24 hours. Meanwhile, the market capitalization has reached $1.9 billion, further consolidating SEI’s standing in the mid-cap crypto sector.
Also Read: SEI Coin Analysis: Can It Hit $4.70 or Fall Below $0.20?
The next major challenge for SEI lies at the $0.38 resistance level. Analysts note that this barrier is both psychological and technical. It aligns closely with the 0.5 Fibonacci retracement level at $0.3864 and coincides with the upper boundary of the descending channel. This combination forms a zone that could validate or halt SEI’s bullish trajectory.
If the token is unable to pierce this level, consolidation or a correction downwards may take place with possible levels of support at around $0.26, $0.23, and $0.20. Alternatively, a clear breakthrough above $0.38 may initiate a reversal of the trend and create an avenue to somewhere with higher target prices.
The following Fibonacci levels at $0.4995 and $0.6863 provide realistic milestones, with the broader target of $0.70 in the event of a bull run. Traders are watching this movement closely, as volume expansion implies solid interest before the test of resistance.
Momentum indicators agree with the potential for further gain in SEI. The Relative Strength Index (RSI) is at 55.56, above the neutral 50 level. The signal is that purchasing momentum is gaining traction, and the coin is potentially entering an improving uptrend if the index pushes further toward the 60–70 zone.
The MACD indicator is also supportive of the view, with the MACD line above the signal line, registering a bullish crossover. The histogram is back in positive territory and is growing, confirming gathering momentum. The indicators together signal that the bullish streak in SEI is in place and could be reinforced if the resistance at $0.38 is overcome.
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