- SEI respects 10-day SMA on 3D chart while holding above key Fib level, pointing toward possible $0.49 continuation.
- A clean break above $0.38 could confirm bullish setup, with Fib targets aligning near the shaded $0.49 resistance zone.
- Channel support remains intact, providing short-term structure for SEI as it builds strength above $0.30.
SEI is trading above its short-term support, maintaining strength within a descending channel and aiming toward the $0.49 resistance zone.
SEI Holds Technical Support Within Descending Channel
SEI is trading inside a broad descending channel on the 3-day chart as of writing, maintaining structure since early 2024.
This setup shows clear boundaries where price action continues to respect both upper and lower trend lines with regularity. A bounce above the $0.30 level confirming strength at the 0.618 Fibonacci retracement gives proper intermediate support. As long as SEI remains in this formation, the short-term trend remains cautiously bullish even after recent volatility.
10-Day SMA Signals Continuation Toward $0.49 Target
A key technical signal has emerged as SEI holds above its 10-day simple moving average, a short-term trend marker.
This moving average has repeatedly served as dynamic support, reinforcing the coin’s strength during each pullback phase.
The tweet by @ali_charts points to this trend and suggests a potential continuation toward the $0.49 resistance region.This level aligns with the 0.382 Fibonacci zone and sits just below the descending channel’s upper boundary.
Fibonacci Levels Define Price Path With Short-Term Upside
Current market structure places immediate resistance near $0.38 at the 0.786 Fibonacci level, marking a breakout confirmation point.
If SEI clears that hurdle, upside potential may open toward $0.49, a measured move from the last swing low.
If price does not maintain momentum above the 10-day SMA, price may come back to the $0.29 – $0.26 level. Until then, SEI remains in a clear structure that is bullish while respecting important Fibonacci confluences.
