- SEI against BTC forms a symmetrical triangle, building higher lows and suggesting buyers are gaining strength after a period of decline.
- Rising open interest and long positions indicate growing trader confidence, reinforcing momentum as SEI price moves above $0.30 toward $0.35.
- SEI’s triangle breakout could reach targets of 0.00000490, 0.00000750, and 0.00000990 BTC, aligning with historical supply and resistance levels.
SEI against Bitcoin has shown some encouraging bullish signals after consolidating for a while. Price action suggests the cryptocurrency is preparing for the upside with the development of a support area. Traders will be looking for breakout scenarios to build momentum.
SEI/BTC Forms Symmetrical Triangle
SEI has recently tightened into a symmetrical triangle against BTC, suggesting consolidation after a prolonged decline. This pattern typically indicates that price is coiling energy before a possible breakout. Market structure shows higher lows forming, signaling buyers are gradually gaining control.
CryptoBullet tweeted, “$SEI against #BTC also looks bullish. $SEIBTC wants to go higher,” reflecting market confidence in the setup. Observers note that SEI’s lower lows have stopped, which often precedes upward movement.
The triangle pattern identifies three potential upside targets for SEI/BTC. Target 1 is around 0.00000490 BTC, representing a short-term resistance zone. Breaking this level may open the path toward 0.00000750 BTC, a critical resistance from prior support.
Rising Open Interest Supports SEI Rally
SEI’s recent open interest increase indicates that traders are actively supporting the ongoing rally. As the price moved back above $0.30 toward $0.35, more positions were opened, showing confidence in the bullish momentum.
CryptoBullet highlighted, “$SEI looks bullish! Printed a classic Bullish Pennant. Target: $0.50-0.70,” emphasizing the technical strength of the move. The parallel rise in price and open interest suggests sustained trader commitment.
Long/short ratios also favor bullish sentiment. On Binance, the long positions outnumber shorts by nearly 3:1, while top traders show an even stronger 3.27 ratio. These figures indicate measured optimism among traders while maintaining cautious scaling.
Potential Upside and Key Levels
SEI/BTC is positioned to test key resistance zones as the bullish setup develops. The final target near 0.00000990 BTC aligns with historical supply levels, offering a reference point for future price action.
The ongoing accumulation and rising interest support the notion that the cryptocurrency could experience notable upward movement. Traders are monitoring higher lows as a sign that selling pressure is decreasing.
As momentum builds, the breakout above the triangle could mark the start of a strong altcoin phase. SEI’s relative strength against Bitcoin underscores its current market position and potential for further gains.
