Bullish sentiment toward SEI aims for $0.50, but initially, this critical support level must withstand testing.

SEI's daily price action is currently confined within a triangle, with its valuation approaching the peak of this geometric pattern.

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2025 September 18 . 4:35 AM

2 min read

Support for SEI token at $0.50 is crucial; breaching this level may prompt charges towards bulls

Bullish sentiment toward SEI aims for $0.50, but initially, this critical support level must withstand testing.

In the world of cryptocurrencies, SEI, a digital asset with a current price hovering around its daily coiling triangle pattern, is causing a stir among analysts. Here's a breakdown of the latest developments surrounding SEI.

Buy Signal and Potential Price Movements

Crypto analyst Ali Martinez has identified a buy signal on the hourly chart for SEI. This signal, if held, could potentially delay or invalidate the predicted drop to $0.28. However, a failure to hold this level could result in a drop to $0.24, coinciding with the fair value gap (FVG).

Interestingly, analysts predict that SEI may dip to $0.28 before a potential 66% rally to $0.50. This surge from the lows of the pattern would be significant, potentially breaking the current price range and propelling SEI towards the 50% retracement level near $0.433.

Market Indicators and On-chain Activity

The current trendline of SEI is influenced by several factors. The recent recovery after testing its 200-day EMA at $0.286 is a key factor, with bullish momentum supported by a rising Relative Strength Index (RSI) above 50 and a bullish Moving Average Convergence Divergence (MACD) crossover. Positive market sentiment, indicated by the long-to-short trader ratio of 1.20, also plays a role.

Furthermore, the integration of Chainlink Data Streams into the SEI network has enhanced its DeFi infrastructure, potentially driving the price upwards. If the descending trendline is broken, SEI could potentially reach this 50% retracement level. Conversely, a correction might push SEI back towards the 200-day EMA at $0.286.

Trading Volume and Community Sentiment

The daily trading volume of SEI has declined by 14% to $150 million. This decrease in trading activity coincided with a dip in DEX trading volume, which occurred at the same time that the price slipped from $0.33 to $0.31.

Despite this dip in trading volume, the community sentiment for SEI remains 85% bullish among 91.4K users. The number of active SEI addresses remains stable at nearly 1 million daily users.

Seller Dominance and Upcoming Unlocks

However, recent on-chain data shows that sellers are dominating. The Spot Taker CVD data on CryptoQuant indicates this trend, with approximately $18.42M in SEI unlocked in the last 24 hours. Another $17.76M in SEI is set to unlock on October 15th.

Despite this seller dominance, the Trend Strength Index suggests that bulls are still in control of the larger picture for SEI. The Total Value Locked (TVL) on SEI is $593 million at the time of writing, indicating a continued interest in the asset.

In conclusion, while SEI shows mixed signals, the potential for a significant price movement remains. Whether SEI will dip to $0.28 before a potential 66% rally to $0.50 or if it will hold the buy signal and avoid this predicted drop, remains to be seen. As always, it's crucial for investors to conduct their own research and make informed decisions.