SEI, currently priced at $0.2980, shows stability in the cryptocurrency market with a market capitalization of $1.79 billion. This article examines analysts' opinions on the token's future price movements.
Recovery Analysis
Crypto strategist Michaël van de Poppe highlighted that SEI's bounce from a crucial support level suggests a potential for a 'strong weekly close.' He noted that holding current levels could lead to a price rally towards $0.60, well above current values.
Short-Term Movement Signals
Market analyst Ali offered a different perspective, observing that SEI is currently coiling within a triangle formation. According to his analysis, the next likely move could be a bounce off $0.288 towards $0.345, potentially setting up a broader bullish breakout if buyers step in.
Current Market Conditions
Data from TradingView shows SEI trading within a tight range between $0.29 and $0.31 over the past few sessions after a decline from mid-August highs near $0.37. Trading volume has fluctuated, reflecting cautious sentiment as investors await confirmation of a breakout.
With analysts split between immediate consolidation or medium-term upside, SEI remains at a critical juncture. A decisive break above $0.34–$0.35 could attract bullish traders, while losing the $0.28–$0.29 support zone risks further downside pressure.
