SEI Price Breaks Out Again: Will the Chart and Fundamentals Fuel a Bigger Rally?

SEI has been on a strong run lately, climbing more than 10% in the past day and now trading around $0.1857. The latest surge comes right after a breakout from a long-term chart pattern that’s caught the eye of traders keeping an eye on support levels and the broader Layer 1 ecosystem

On X (formerly Twitter), analysts are connecting the rally to both bullish chart signals and SEI growing fundamentals.

Prominent analyst Crypto Winkle pointed out that SEI price just broke out of its second falling wedge on the daily chart, a setup that often leads to a reversal to the upside. Both wedge patterns on the SEI chart ended with a bounce, and this latest breakout happened after price tested the $0.117 to $0.127 zone, an area that’s held up as support multiple times before.

Source: X/CryptoWinkle

The chart projection now shows a possible short pullback before a push higher toward the $0.37 to $0.44 zone. That range acted as strong resistance in the past, and if momentum keeps building, it could become the next big target for bulls.

Read Also: Hedera Just Got Its First Aussie Dollar Stablecoin – And It’s Fast, Cheap, and Green

SEI Resistance Levels Still in Play

Another chart shared by market analyst The Crypto Express shows SEI price consolidating within a descending broadening wedge. The token rebounded from the lower trendline near $0.175, suggesting support is holding. However, the 21-day moving average, located around $0.188, has acted as dynamic resistance throughout the current downtrend.

SEI price movement between $0.188 and $0.195 may determine the next breakout zone. A daily close above both the upper trendline of the wedge and the 21MA would confirm a shift in short-term trend structure.

Source: X/TheCryptoExpress SEI On-Chain Metrics and Fundamentals Provide Support

Crypto Winkle emphasized that SEI latest price movement aligns with core infrastructure developments. The network offers a Parallelized EVM with throughput exceeding 5 gigagas per second and finality under 400 milliseconds. These features are currently live, not theoretical benchmarks.

Read Also: Was The FOMC Meeting a Complete Disaster for Bitcoin and Crypto?

The platform is also processing over 1.3 million transactions daily and attracts more than 7.3 million unique active wallets each month. These figures suggest continued engagement, which traders are beginning to price into the market.

Further, SEI price support remains firm around $0.117–$0.127, with fresh demand forming at $0.150. On the upside, resistance at $0.27–$0.30 may pave the way toward the $0.37–$0.44 range, a level traders are now watching closely for continuation

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post SEI Price Breaks Out Again: Will the Chart and Fundamentals Fuel a Bigger Rally? appeared first on CaptainAltcoin.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)