The SEI token shows a strengthening of buyer positions after several accumulation phases. Traders closely monitor the potential breakout at the resistance level of $0.38.
Resistance at $0.38 Defines the Market Outlook
Analyst Ali (@ali_charts) noted that $0.38 is the crucial resistance point. He added that a breakout above this level could trigger a sharp rally toward $0.70. The barrier has consistently rejected upward moves, keeping price locked in a consolidation range.
Momentum Builds Across Multiple Timeframes
At the time of writing, SEI is trading at $0.317 after rebounding from the $0.2985 range. SEI has gained 5.92% in the last 24 hours and shows a 15.14% increase over the week. Longer-term metrics depict a constructive picture, with an increase of 51.99% over 90 days and 67.71% over 180 days.
Breakout Prospects and Key Support Levels
The psychological weight of $0.38 cannot be overlooked. Breakouts from such levels often spark strong rallies as stop orders trigger. If confirmed, the target price of $0.70 could become the next logical checkpoint for buyers. Failure to break above resistance may send SEI back into consolidation, while support between $0.30 and $0.32 remains a cushion.
Current SEI price metrics, including a 6.30% gain over the past 24 hours, indicate consistent market participation and underline the importance of the upcoming resistance test.
