- Sei is shaping a bullish pennant near $0.33 with traders eyeing upside targets around $0.39 $0.49 and $0.50 soon.
- Confidence grows as Sei’s ecosystem expands and Jamie Finn joins as advisor adding weight to the bullish mid-term outlook.
- Support at $0.15 and resistance near $0.59 highlight clear risk levels as technicals and fundamentals align for potential gains.
Sei’s price action is approaching a crucial point, with a clear bullish pennant formation that could drive mid-term gains. According to crypto trader Okan, $SEI shows strong upside potential toward the $0.39, $0.49, and $0.50 levels. This outlook is supported by robust technicals and the project’s ongoing development.
The convergence of trend lines highlights tightening price action, while Sei Network’s rapid ecosystem growth reinforces the bullish case. Consequently, the combination of chart structure and fundamentals is drawing fresh attention to SEI’s mid-term trajectory.
The trading chart confirms the pennant formation, developed after a strong rally in early 2025. Price currently trades near $0.33229, showing a slight decline of 1.22%. However, the structure remains intact, with support around $0.15 and resistance closer to $0.59.
This range sets the backdrop for potential breakout levels that traders closely monitor. Besides, volume has steadily declined during consolidation, fitting the textbook definition of a pennant setup awaiting confirmation.
Technical Setup Points to Breakout
The pennant’s triangular shape is marked by lower highs and higher lows. These converging lines reflect market indecision but also rising pressure. Typically, bullish pennants resolve higher, aligning with the preceding uptrend.
Moreover, price targets after breakouts usually mirror the flagpole’s height, offering objective projections for traders. Hence, any breakout accompanied by strong volume could validate moves toward Okan’s suggested levels.
Additionally, resistance zones near $0.392 and $0.492 remain critical checkpoints. Traders expect selling pressure at these stages, yet a successful breakout could shift sentiment significantly. Consequently, the technical framework provides both clear risk points and compelling upside targets.
Ecosystem Growth Adds Fuel
Sei’s ecosystem continues to expand, strengthening the bullish narrative. The Sei Development Foundation recently appointed Jamie Finn, Co-Founder of Securitize, as a strategic advisor. His expertise in tokenized assets, including scaling BlackRock’s $4 billion BUIDL fund, adds institutional weight.
Finn noted, “Sei is positioned to be the definitive chain where you can build the best institutional products.” This alignment between strong technicals and real-world adoption underpins confidence in Sei’s mid-term potential.
Sei’s bullish pennant aligns with rapid ecosystem growth, making the token one to watch closely as it nears breakout levels.
