- Sei trades at $0.3207 as bulls eye $0.34 rebound with bullish divergence and support holding firm near $0.3190.
- Traders see consolidation between $0.3190 and $0.3280 as momentum recovers, hinting at a possible bullish breakout soon.
- Technicals show neutral to bullish bias as Elliott Wave suggests correction ending and RSI signals improving momentum.
Sei is showing signs of resilience as traders closely monitor its price near support and resistance levels. According to CoinMarketCap, Sei trades at $0.320752 with a 24-hour volume of $156.8 million, reflecting its active market participation. The token slipped 0.62% in the past 24 hours, but analysts highlight technical signals suggesting a possible rebound.
Ali, a well-followed trader on X, noted, “$SEI ready to rebound to $0.34! TD Sequential buy signal confirmed with bullish divergence.” This optimism adds weight to growing expectations of a recovery attempt.
Technical Structure and Market Patterns
The SEI/USDT perpetual contract on Binance showed modest gains, climbing 0.44% to $0.3161. Price action first tested resistance near $0.3576 before declining through multiple support zones.
However, consolidation soon formed around the $0.3320, reflecting reduced volatility and trader indecision. Besides, technical charts reveal divergence between price action and momentum oscillators. This divergence usually signals weakening bearish momentum and opens the door for reversals.
Additionally, RSI readings alternated between neutral and oversold areas. The oscillator’s shift from 25 to 40 indicated attempts at recovery and increasing momentum. As a result, bulls are steadily building power again while keeping the price above recent lows.
Support, Resistance, and Elliott Wave Outlook
At the moment, Sei trades inside a specific range. While resistance is still present around $0.3280, support is still strong around $0.3190. As a result, short-term traders use these levels to determine potential breakouts.. Additionally, multiple tests of these boundaries confirm strong market respect for the range.
Furthermore, Elliott Wave counts suggest the market is completing a corrective sequence. Wave formations display three-wave structures, reinforcing the consolidation outlook. Volume also supports this thesis, as activity stayed moderate without major spikes, pointing toward range-bound conditions.
Consequently, the technical bias appears neutral to slightly bullish. Sei maintains its footing above recent lows while testing upper boundaries. Hence, patient strategies work better than aggressive positions in the current phase.
Sei’s consolidation reflects a critical decision point. A break above $0.3300 could spark renewed bullish momentum, while holding support ensures stability for cautious investors.
