SEI is showing renewed signs of strength after retesting a critical neckline level near $0.26. A confirmed breakout from an inverse head and shoulders pattern has fueled optimism around a potential upward continuation.
Supported by increasing trading volume and solid technical structure, the asset is drawing attention as it consolidates above key support. Market participants are now watching for a possible breakout toward higher resistance levels in the near term.
Pattern Breakout Confirms Bullish Setup
Analyst Crypto Feras (@CryptoFeras) identified a well-formed inverse head and shoulders (iH&S) pattern on the SEI/USDT daily timeframe. The neckline, positioned between $0.26 and $0.27, has now been decisively breached, and a successful retest has validated the breakout.
Price has since moved above the neckline, aligning with bullish expectations derived from this reversal pattern. The technical structure is considered complete, with the right shoulder and neckline breakout already confirmed.
Source: X Chart by Crypto Feras
According to the measured move from the base of the pattern near $0.15, the projected target now stands at $0.499. Volume expansion during the breakout phase adds strength to the technical thesis, suggesting active participation.
Historical support at $0.213, which aligns with the head’s base, reinforces the foundation of the pattern. With short-term momentum already pushing toward $0.315, the breakout could extend if buying interest persists and macro sentiment remains supportive.
Momentum Grows as Bulls Defend $0.26 Level
Brave New Coin data shows a 24-hour price gain of 2.78%, placing SEI at $0.27. Throughout the session, the price fluctuated between $0.258 and $0.266, forming a structure of higher lows that supports bullish momentum. This movement came on the heels of the confirmed iH&S breakout, suggesting a potential trend shift in favor of buyers.
The neckline retest at $0.26 has held, turning a former resistance into support and reinforcing confidence in the breakout.
Source: Chart by BraveNewCoin
Trading volume reached $178.65 million, peaking late on July 9. This volume behavior mirrors price activity, with buying pressure increasing near local highs, often interpreted as accumulation. If the volume remains stable or continues to grow, SEI may continue to climb toward the $0.30–$0.35 zone.
With a market cap of $1.47 billion and a circulating supply exceeding 5.55 billion tokens, SEI holds a mid-cap ranking at #75. Sustained strength above $0.26 remains critical for continuation, while a dip below this level could shift the bias back to neutral.
Indicators Signal Consolidation Before Potential Move
TradingView’s daily chart for SEI/USDT highlights a pause in momentum following the strong rally observed in late June. The asset currently trades at $0.2644, showing signs of consolidation below the $0.30 mark. Resistance between $0.28 and $0.30 has kept the price in check, while support remains firm near $0.26.
The price behavior suggests the market is awaiting a directional move, with buyers and sellers temporarily in balance.
Source: Chart by TradingView
The Chaikin Money Flow (CMF) indicator reads -0.05, signaling a slight capital outflow. Although not significantly negative, it indicates reduced accumulation. The Bollinger Band Power (BBP) stands at 0.0028, reflecting neutral-to-mildly bullish sentiment.
The flattening of both indicators aligns with low volatility and potential breakout conditions. Should SEI reclaim $0.28 with increased capital inflow, a stronger push toward $0.40 and $0.499 may unfold, completing the pattern’s projected move.
Source: https://bravenewcoin.com/insights/sei-price-prediction-technicals-point-to-a-skyrocket-move-after-0-26-retest