Here's Why SEI's Move is Just Starting | Credit: Hameem Sarwar
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Key Takeaways
SEI has reclaimed the $0.255 long-term horizontal support area.
Only a descending resistance trend line prevents the all-time high.
Can SEI sustain its momentum and break out from the resistance?
SEI is on a tear, jumping 25% in the last 24 hours and leading the charge in an increasingly bullish crypto market.
With strong momentum building in both its USD and Bitcoin (BTC) pairs, SEI’s breakout could be more than just a quick pop; it might be the start of something bigger.
Here’s what to watch next if the rally continues.
SEI Reclaims Key Support
SEI’s weekly analysis shows a highly bullish development relating to one of the most critical horizontal levels in its price history.
More specifically, it concerns the $0.255 horizontal area, which has acted as support and resistance since the end of 2023.
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Adding to the positive price action, momentum indicators have surged.
The Relative Strength Index (RSI) is above 50 while the Moving Average Convergence/Divergence (MACD) is nearly positive.
These signs all suggest the SEI trend is bullish, and new highs await. However, a long-term diagonal resistance prevents the price of SEI from reaching a new all-time high.
New SEI All-Time High?
SEI’s wave count only adds fuel to the bullish prediction from the price action.
The count shows that SEI completed an A-B-C correction between March 2024 and April 2025.
Waves A and C had the same length, indicating that the correction is valid and completed.
After a long five-wave correction that started in October 2024 and ended with a classic descending wedge, SEI has finally broken out, signaling a potential trend reversal.
The SEI/BTC pair popped with two strong bullish candles and is now making a move on the key resistance zone at 290 satoshis.
If it clears that level, the next major target sits at 480 satoshis, a nearly 70% upside.
It’s not just the price action that’s bullish. Momentum indicators like the RSI and MACD flashed strong bullish divergences, which have now translated into upward momentum.
With both price and indicators aligning, SEI may have more room to run.
SEI Price Can Double
The SEI price shows bullish signs in multiple time frames and pairs.
The SEI/USD and SEI/BTC charts are both on the precipice of breakouts that can cause the price to double.
SEI has to break out from its descending resistance trend line in the USD pair.
In the BTC pair, the 290 satoshi area provides the main resistance.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
