- Sei is trading at $0.2927 with a weekly gain of 47.06% despite a recent daily decline of 2.38%.
- A sharp 110% rise from the $0.15 entry signals strong market interest in the altcoins potential.
- Chart analysis suggests a breakout from consolidation, with key resistance looming near $1.00.
- Future targets of $2 to $5 reflect bullish sentiment but depend on volume, adoption, and trend confirmation.
SEI generated investor interest through the spectacular 47.06% jump in the past week in defiance of the negligible 2.38% fall in the past 24 hours. Trading at $0.2927, it maintains a strong market capitalization of $1.62 billion, backed by a daily volume exceeding $401.97 million.
Source: CoinMarketCap This surge is the expression of sustained interest and threatens further gains if momentum continues to gather. While some are taking short profits, technical indications continue to show price increases.
A clear breakthrough over the past resistance level of $0.33 is a turning point. Once the ceiling is in consolidation, the level is now supported, affirming bullishness to swing traders.
The prices previous floor within $0.15 is the base of the accumulation, affirming long-position entries by seasoned analysts who were forecasting the current upswing.
Also Read: SEI Consolidation Ending: Analysts Target Strong Rally to $0.45
A closer look at SEIs price chart reveals significant technical developments. The fact that there is an established downtrend in effect, established between mid-2024 and early 2025, after being broken by an aggressive green candle and widening volume, is suggestive of the completion of the consolidation pattern and the commencement of the long-run bullish run.
The price movement also adheres to the cup-and-handle pattern, which also shows continuation potential, or the double bottom pattern. Key technical features supporting the bullish narrative include a steady climb above major moving averages and a positive shift in volume profile.
These conditions also previously produced dramatic increases in similar Layer 1 blockchain tokens. Resistance is present in the $1.00 area, which will have potential breakpoint areas to look for long-term $2.00 to $5.00 targets.
Source: X While bullish projections estimate a 6x to 15x return from the $0.33 zone, market participants must consider broader risks.
SEI has already gained more than 220% of its all-time low, raising overheating concerns. Plus, the latest 12.20% fall in trading volume can indicate the first signs of exhaustion. Traders are also cautioned to watch closely for price action in the areas of psychological levels like $1.00.
A breakthrough to the upside of that line may see bigger volumes in the move to higher valuation. But breaking down to $0.50 could see the occurrence of pullbacks and, thus, risk management.
Also Read: SEI Surges 100% After Breakout as It Eyes the $0.50 Level
