- SEI forms a bullish reversal with inverse head and shoulders and a golden cross on the daily chart.
- Accumulation phase above moving averages strengthens SEI’s setup, targeting $0.65 in the near term.
- SEI trades at $0.3227, up 1.42% in 24 hours despite a weekly decline of 2.86%.
SEI has exhibited a textbook bullish reversal on the daily timeframe, combining multiple technical patterns and momentum indicators. Current analysis suggests that the price may advance toward $0.65, provided it sustains recent breakout levels.
Inverse Head and Shoulders Confirmation
The daily chart of SEI demonstrates a textbook inverse head and shoulders formation. This technical structure often marks the end of a bearish cycle and sets up the groundwork for an upward trend. The left shoulder formed during early trading this year, followed by a pronounced head in April, and a right shoulder in May.
The neckline breakout in June confirmed the pattern and shifted the market sentiment in favor of buyers. Since then, SEI has sustained higher lows and stronger closes, consolidating its reversal. Such formations are rare in clean symmetry, making this a valuable development for traders tracking SEI’s price action.
Crypto Target (@cryptotarget11) noted on social media that SEI is “completing a textbook reversal.” The comment referenced the inverse head and shoulders structure, which has already delivered momentum in line with historical bullish outcomes.
Golden Cross and Momentum Shift
In addition to the chart pattern, SEI’s moving averages are signaling strength. A crossover between the 50-day exponential moving average (EMA100) and 100-day exponential moving average (EMA50) has just taken place. This golden cross is a regular word-of-mouth indicator, usually pointing to a commute into a bullish section.
Historically, golden crosses attract renewed buying interest, as many traders interpret them as reliable confirmation of trend changes. The crossover has coincided with SEI’s move above key resistance levels, giving further validity to the reversal pattern.
With the EMA50 maintaining its upward slope and staying above the EMA100, buyers appear to have regained control of short- and medium-term market direction. As long as the averages maintain this relationship, SEI remains positioned for higher levels.
Accumulation and Price Outlook
After the breakout, SEI entered an accumulation phase through July and August.The consolidation here provided price with the likelihood of the stronger hands to accumulate and the weaker hands to sell off during this period. It is this lateral movement that has made the structure stay healthy and shun premature fatigue.
Accumulation zones are crucial before expansions because they provide stability and ensure momentum has sustainable backing. SEI has respected both the EMA50 and EMA100 during this time, keeping its trend intact. Such behavior often precedes new legs higher, with the accumulation forming the base for further movement.
As of writing, SEI trades at $0.3227, marking a 1.42% gain in the past 24 hours despite a 2.86% weekly decline. Analysts, including Crypto Target, suggest the road toward $0.65 remains viable. If bullish momentum continues, the breakout could lead to even greater extensions beyond this target.
