Recently, SEI has shown consolidation within a symmetrical triangle. The $0.31 level has become a key support level around which trading activities are concentrated.
Symmetrical Triangle and Its Signals
The SEI/USDT 4-hour chart shows a symmetrical triangle pattern with converging trendlines. This structure usually precedes a decisive breakout when the price reaches the apex. The narrowing range reflects ongoing consolidation and reduced volatility compared to earlier trading.
Ali (@ali_charts) noted that SEI at $0.31 represents a buy-the-dip opportunity before a projected move to $0.44. This support level has repeatedly acted as a springboard, limiting downside moves and sustaining rebounds back into the upper trendline zone.
Support Levels and Fibonacci Structure
From a Fibonacci retracement perspective, the $0.31 area aligns with the 0.382 retracement level. This confluence reinforces the argument for buyers to defend this level as a foundation for potential bullish continuation.
If it holds, positive pressure may take it above $0.37 resistance and test the $0.39 high at the 0.786 retracement. This progression would likely strengthen buying interest and open the way toward $0.44.
However, failure to protect $0.31 may shift focus toward the $0.28–$0.27 range. A decline into that territory could disrupt the short-term bullish setup and reset market expectations.
Market Context and Short-Term Activity
SEI’s market cap is valued at $1.91 billion, supported by 6 billion tokens in circulation from a 10 billion supply. The Fully Diluted Valuation at $3.17 billion suggests longer-term growth potential while raising concerns of supply pressure.
During the past 24 hours, the trading volume decreased by 20.68% to $244 million indicating diminishing interest in terms of speculative involvement. This decline has not affected the volatility-to-market-cap ratio, which is 12.8%, indicating that SEI is still popular among active short-term traders.
Sellers remain robust in the areas of resistance at around $0.3352-$0.34, with buyers struggling to retain the levels of around $0.3152-$0.31. The result of these zones will determine the present price tendency, and volume confirmation will be the deciding factor.
Currently, SEI is trading within a symmetrical triangle, and the key support level at $0.31 could be the starting point for subsequent trading movements. It is crucial to monitor the price's reaction to this level, as it will influence the market's further dynamics.
