SEI Gears Up for Rally After Breakout Retest

Key Insights:

• SEI retests $0.285 breakout zone, with buyers eyeing $0.30, $0.31, and $0.37 as upside targets.
• $0.27 remains key support for SEI, while reclaiming $0.308 could confirm a bullish reversal structure.
• RSI and MACD show weak momentum, but price consolidation above support may enable recovery attempts.

SEI retested the breakout zone around $0.285 after moving out of a descending wedge on the 4-hour chart. The area, once resistant, is now acting as support. Traders often look for this kind of retest to confirm a breakout and prepare for higher levels.

Price targets from this move are in line with Fibonacci retracement levels. The first levels to monitor are $0.30, $0.31, and the $0.32–$0.33 range. If momentum continues, the chart points to $0.37 as the next major resistance. “Holding above $0.285 keeps the setup in play,” one analyst noted.

$0.27 Holds as Support

On the daily timeframe, SEI bounced from the $0.27 support zone and has been consolidating slightly above it. This shows that buyers defended the level after repeated tests. Maintaining this floor is important for the current structure.

The next resistance stands at $0.308. “Reclaiming $0.308 would confirm a bullish reversal. A rejection could trigger shorts,” said one market watcher. If buyers fail to hold, focus may shift back to $0.27 and then toward $0.258, where liquidity sits.

Indicators Signal Weak Momentum

SEI is priced at $0.2799, down 4.91% over the past 24 hours and 5.59% over the last seven days. Trading volume during the period was about $107 million.

The Relative Strength Index (RSI) is at 43.81, below the neutral midpoint of 50. This shows weak momentum but no oversold reading. The MACD also remains negative, with both lines under zero and the histogram in red, confirming pressure on the downside.

Near-Term Outlook

SEI was trading between $0.27 support and $0.30 resistance. Holding $0.27 could allow for another push toward $0.30–$0.31, with $0.308 as the key level to reclaim. A clear break above this point may open the path to $0.326 and $0.37.

If $0.27 fails, the price could slide to $0.258. As one trader explained, “Longing after reversals only” remains the preferred approach, waiting for confirmation before entering fresh positions.