The price of SEI token began to show activity after a long period of instability and fluctuations, and now investors are watching for potential growth options.
Current SEI Price Situation
Currently, the price of SEI is around $0.31, and analyst Ali expects the token to show a 170% increase, which could theoretically bring it to the $0.90 mark. SEI has been under a significant downtrend line since late 2023, with all rally attempts failing.
What Needs to Happen for Breakout
For SEI to achieve growth, several conditions must be met. First, it needs to close a weekly candle above the downtrend line with high volume. Then, a slight pullback and confirmation of that line as support is expected. The key moment will be reclaiming the $0.50 zone. Historically, when altcoins hold above such levels, they can gain momentum swiftly.
Short-Term SEI Outlook
Currently, the focus is on whether SEI can break the downtrend and maintain it on the first retest. If so, the next obvious target will be $0.50, and if momentum builds, levels of $0.63 and higher will come into play.
Thus, the SEI token has a real chance to reach the $0.90 target, provided it can overcome resistance and maintain an upward trend structure. The coming week will be crucial.
