As Q3 begins, the cryptocurrency market maintains optimism, and Sei (SEI) looks poised for potential growth. Over the last 90 days, SEI has surged nearly 76%, drawing trader attention.
Sei (SEI) Makes Its Initial Market Moves
Sei (SEI) has shown a significant increase in value over the past three months, rising by 76%. In the last 30 days alone, the asset has increased by 38%. This behavior draws attention to the cryptocurrency as it forms a structure similar to last year's rally.
Current Dynamics Analysis
On SEI's daily chart, a large falling wedge pattern is visible, often preceding bullish breakouts. In late 2024, SEI bounced from the wedge's lower boundary, formed an ascending broadening wedge, and subsequently doubled its value. Currently, SEI has once again bounced from the wedge's lower boundary and increased by 155%, indicating a possible bullish cycle.
Future Growth Prospects
If SEI continues to follow this cyclical model, it may first encounter consolidation at current levels, followed by a retest of the ascending wedge support. If the price remains above critical support and moves above the 200-day moving average, this could confirm further growth.
As Sei (SEI) continues to demonstrate a structure similar to last year's rally, traders remain vigilant for key support and resistance levels, which could determine the assets' future on the market.
