- SEI faces a standard correction after hitting $0.29, but holding above $0.1874 could reignite bullish momentum and trend reversal hopes.
- Despite sharp pullbacks and extreme volatility since late 2024, SEI shows signs of forming a double bottom and potential trend stabilization.
- With rising volume, strong support at $0.1722, and RSI between 40–80, SEI may gear up for another push toward key resistance levels.
SEI’s price action remains volatile following its recent rejection from the $0.29 resistance zone. After a strong rally that began in early May 2025, SEI climbed from below $0.20 to touch $0.29. This move followed a successful flip of the $0.19 level, a short-term bullish structure. However, the rally paused, leading to a correction that brought SEI to its current price of $0.2250. As of 17:39:11, the coin trades with a 1.96% daily decline on the Bybit exchange.
The recent pullback appears standard in context, following a strong impulse move. Michaël van de Poppe, a widely followed crypto analyst, remains confident that the correction may soon conclude. Significantly, he highlights the $0.1874 level as a key support zone. A sustained hold above it could strengthen the bullish outlook. Moreover, he notes that breaking this level would open discussions of a trend reversal.
Volatility Defines SEI’s Trading History
Since August 2024, SEI’s price has shown extreme fluctuations. From August to October, the asset surged to $0.45. October to early December saw peak volatility, with prices swinging wildly between $0.30 and $0.60. Consequently, traders faced intense market turbulence during this phase.
Source: Michaël van de Poppe
In January 2025, SEI entered a sharp downtrend. The coin plummeted from $0.50 to under $0.10, wiping out nearly 80% of its value. The March 2025 bottom—unusually recorded around -$0.40—suggests a data error or a rare trading mechanism. Additionally, April formed another bottom at -$0.30, hinting at a possible double-bottom formation.
Momentum Builds as Support Zones Hold
Since then, SEI has attempted to reclaim strength. The rally to $0.30 in May marks a notable recovery. However, rejection at resistance has slowed momentum. The $0.1722 zone remains an important lower timeframe support.
If SEI holds current levels and builds upward pressure, another push toward $0.29 could follow. Besides, volume spikes align with price moves. These confirm growing trader interest. Moreover, the RSI indicator ranges between 40 and 80, signaling neutral-to-bullish momentum.
