SEI Makes a Strong Push Toward $0.30—What’s Next?
SEI has been one of the standout performers in the crypto market this week, bouncing hard after last week’s dip. The token managed to claw its way back from around $0.15—a level it hadn’t touched since early April—and shot up nearly 70% in just a few days. Now, it’s hovering between $0.24 and $0.29, flirting with the $0.30 mark as traders watch closely.
Some analysts think this could be the start of something bigger. Sjuul from AltCryptoGems called SEI the “Bull of the week,” pointing to its sharp recovery and what seems like growing interest from bigger investors. The numbers back it up—SEI’s up 43% over the past seven days, outpacing even Bitcoin and Ethereum.
But here’s the thing: momentum can be fickle. While the rally looks strong, SEI hasn’t quite broken past $0.30 yet. If it does, some traders believe $0.50 isn’t out of the question. Crypto Raven, for instance, suggested another 70% jump could happen if the market holds up. Then again, a short pause around current levels wouldn’t be surprising either.
The Chart Setup: Why $0.28 Matters
Nebraskangooner flagged an inverse Head and Shoulders pattern on SEI’s chart, a formation that often signals a trend reversal. The breakout earlier this week confirmed it, but now the key is whether SEI can hold above the neckline—around $0.27–$0.28. So far, it’s managed to stay afloat, even after a brief dip to $0.25.
Michaël van de Poppe added another layer, noting a bullish divergence between SEI and Bitcoin. His take? The token might be gearing up for another leg up, possibly hitting 300 sats (satoshis) against BTC soon. That’s not a guarantee, of course, but it’s something to keep an eye on.
Then there’s The Wyckoff Architect, who’s watching the $0.285 level like a hawk. According to their analysis, reclaiming that zone could set the stage for more gains, while failing to hold it might mean a drop back toward recent lows.
Where Does SEI Go From Here?
Right now, SEI’s sitting at $0.28, up about 12% on the day. The mood seems cautiously optimistic, but crypto moves fast—what looks solid today could shift tomorrow.
If the $0.30 resistance breaks, the path toward $0.50 opens up. If not, well, traders might have to wait a bit longer for the next big move. Either way, SEI’s definitely one to watch this week.
*Featured Image from Unsplash.com, Chart from TradingView.com*
