SEI continues to capture traders’ attention following last week’s crypto market crash, with analysts maintaining a bullish outlook for the token’s long-term trajectory.
Despite extreme volatility and a sharp intraday drop during Friday’s liquidation cascade, SEI has already begun to recover, now trading near $0.23.
Crypto analyst Ali reiterated his bullish stance on X, writing that “nothing has changed” in SEI’s setup. His chart analysis shows a massive descending resistance line stretching back nearly a year, suggesting that a breakout from this structure could trigger a powerful rally toward $0.90. “Mark my words,” he added, signaling confidence in SEI’s potential upside.
The latest daily chart data supports this outlook. SEI’s price has rebounded after briefly dipping below $0.15 during the flash crash, forming a recovery pattern above $0.22.
The Relative Strength Index (RSI) sits around 42, reflecting a neutral-to-slightly oversold condition, while the MACD indicator is showing early signs of convergence, hinting that bearish momentum may be fading.
If SEI can maintain support above $0.20 and close above the descending trendline in the coming sessions, traders expect a technical breakout that could drive the token’s value several multiples higher. Analysts view $0.30 as the first major resistance level, followed by a potential move toward $0.90 if bullish momentum accelerates.
Despite the recent chaos in the crypto markets, SEI appears to be holding a solid base – and analysts like Ali believe it may soon be one of the stronger rebound stories to watch in the weeks ahead.
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