The SEI token is entering a prolonged consolidation phase, forming a 46-day range that may indicate a significant breakout. Analysts are closely monitoring this structure.
Signs of a Major Breakout
The $SEI/USDT daily chart shows a symmetrical triangle that has been forming for nearly seven weeks. This type of structure reflects market indecision as buyers and sellers defend key levels. Analyst Lennaert Snyder noted on social media that 'the longer the compression, the bigger the breakout.'
Key Support Levels
Despite the positive setup, downside risks remain. If SEI loses structure and fails to hold above support, deeper liquidity lies near $0.256. This level represents an important liquidity pocket and may attract strong buying interest. Even in the case of breakdowns, market participants often accumulate near such liquidity zones, limiting the downside.
Overall Market and Accumulation Phase
SEI appears resilient despite short-term volatility. Extended consolidation periods often help eliminate weaker positions while attracting long-term accumulation. Such behavior creates stability and prepares markets for sustained trends.
The structure of SEI suggests a significant move is approaching. Whether the price breaks upward immediately or retests the liquidity at $0.256 first, the outlook remains promising.
