SEI Breakout Rally Slows Down, but Signs Point to Possible Reversal Setup

Key Takeaways

• SEI broke out after completing a Z-wave correction.
• Impulse wave forming; wave (iv) in progress.
• Major resistance awaits near $0.2096.
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Sei (SEI) has begun showing signs of a potential trend reversal following a prolonged downtrend and completing a complex corrective pattern.

When viewed through the Elliott Wave and Fibonacci perspective, the macro and microstructure suggest that SEI may have initiated a new impulsive phase.

It has been experiencing a minor pullback, but more upside potential remains, which will confirm the bullish reversal.

SEI Price Analysis

On the 4-hour chart, SEI completed a textbook WXYXZ corrective structure with a final low forming at $0.1328 on April 7.

This low also sits within a historical demand zone from July 2024, enhancing its credibility as a strong support level.

A breakout from the descending channel occurred after wave (c) bottomed out, signaling a likely reversal.

Momentum is shifting bullish as the price moves above the $0.15–$0.17 region, targeting the major resistance near $0.2096.

This level caused a major breakdown in February and could be the primary obstacle to further progress.

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The Relative Strength Index (RSI) on the 4-hour timeframe also reflects strengthening bullish pressure but hasn’t yet entered overbought territory.

SEI could rally toward $0.21–$0.23 if the structure unfolds as expected before facing significant selling interest. 

However, invalidation occurs with a breakdown below $0.15, which would signal a resumption of the macro downtrend.

SEI Price Prediction

The 1-hour chart highlights a developing 5-wave impulsive structure, with waves (i), (ii), and (iii) already confirmed. 

SEI is currently forming wave (iv), which is consolidating around the $0.176 level. 

Fibonacci retracement from wave (iii) projects key support for wave (iv) between the 0.382 ($0.166) and 0.5 ($0.161) levels—this is where a bounce is most likely.

Once wave (iv) completes, the next leg—wave (v)—could push SEI into the $0.20–$0.21 range, which coincides with the high-timeframe resistance and projected target zone. 

This area also aligns with the breakdown level from the larger bearish wave that began in early 2024, making it a magnet for profit-taking and increased supply.

The RSI on the 1-hour timeframe is currently neutral, which suggests a possible move higher after this consolidation phase. 

If the price breaks below $0.1551 (Fib 0.618), the impulsive count weakens, and the structure could devolve into a corrective pattern instead.

For now, structure and momentum support a bullish short-term outcome, with wave (v) leading the price to retest the $0.2096 level.

Key Levels to Watch

• Major Support: $0.161 (0.5 Fib), $0.1551 (0.618 Fib), $0.1328 (macro low).
• Immediate Resistance: $0.1858 (wave iii top), $0.2096 (macro supply).
• Breakout Confirmation: Break above $0.1858 with volume.
• Invalidation Level: Break below $0.1551.
• Fractal Watch Zone: $0.20–$0.21 – potential wave (v) target.