- SEI price shows sustained growth with buyers regaining control after repeated accumulation phases.
- The $0.38 resistance level remains the key breakout barrier for further upside potential.
- Long/short ratios favor bullish sentiment, but volatility risks persist if momentum stalls.
SEI is converging around a key resistance point and traders are closely monitoring the potential breakout that could redefine its short-term perspective. The latest price movement and trading indicators show that there is an increasing bullish trend as the momentum keeps gaining momentum.
Resistance at $0.38 Defines the Market Outlook
Analyst Ali (@ali_charts) noted that $0.38 is the crucial resistance point. He added that a breakout above this level could trigger a sharp rally toward $0.70. The barrier has consistently rejected upward moves, keeping price locked in a consolidation range.
Price action shows repeated recoveries from pullbacks, with each rebound forming higher levels of demand. Buyers appear to be gradually absorbing available supply. This persistence reflects growing pressure and points to an eventual test of the resistance ceiling.
Volume analysis strengthens this view. Upward moves are marked by rising activity, showing intensified demand. Retracements, by contrast, occur with lighter volume, suggesting sellers are losing strength. This pattern gives buyers an advantage as SEI edges closer to $0.38.
Momentum Builds Across Multiple Timeframes
At the time of writing, SEI is trading at $0.317 after rebounding from the $0.2985 range. Intraday strength has kept the price above $0.315. Over the last 24 hours, SEI has gained 5.92%, while the weekly performance shows a 15.14% rise.
Longer-term metrics present a constructive picture. SEI has registered 51.99% and 67.71% increase over 90 days and 180 days respectively. In spite of a decline in the ratio of 20.11 in a year to date, the one year performance is positive at 12.76. This shift indicates recovery from earlier corrections.
Short-term sentiment is reflected in trading ratios. On Binance, SEI/USDT records a long/short ratio of 2.1017, signaling stronger buying activity. However, this imbalance raises risks of volatility if momentum weakens and long positions unwind.
Breakout Prospects and Key Support Levels
The psychological weight of $0.38 cannot be overlooked. Breakouts from such levels often spark strong rallies as stop orders trigger and sidelined traders enter. If confirmed, the $0.70 target becomes the next logical checkpoint for buyers.
Failure to break above resistance may send SEI back into consolidation. Support between $0.30 and $0.32 remains a cushion, giving traders an opportunity to reload positions. Sustained holding of this range may preserve the bullish structure.
The price of SEI is 0.317063 as of writing, which trades at the volume of 239,434,605 within 24 hours. The token has gained 6.30% over the past 24 hours. These metrics suggest steady participation and reinforce the importance of the upcoming resistance test.
