SEI Rebounds From Lows but Faces Key $0.11 Resistance Ahead of FOMC

SEI rebounded from recent lows but remains capped below $0.11 resistance, with $0.1044 support in focus ahead of the FOMC decision.

SEI rebounded after taking out recent lows, but price action remains undecided as broader altcoin markets show similar patterns. 

The recovery comes after a sharp move lower that cleared nearby liquidity. Traders are now watching key technical levels while waiting for potential market volatility tied to the upcoming FOMC decision.

SEI Recovers After Sweeping Recent Lows

SEI moved lower earlier in the session and traded below recent support levels. This move cleared liquidity resting beneath prior lows.

After this sweep, price rebounded and stabilized above intraday support zones.

The rebound did not change the wider market structure. SEI remains within a broader range that has defined recent trading. Many altcoins are positioned in similar ranges, reflecting a lack of clear direction.

This type of price behavior is common during periods of uncertainty. Buyers step in after sharp moves lower, while sellers remain active near resistance. As a result, price action becomes range-bound rather than trend-driven.

$0.11 Resistance Remains the Key Level

The $0.11 level continues to act as a major resistance for SEI. Price has failed to reclaim this area in recent attempts. A move above $0.11 would signal a market structure break.

Reclaiming this level would allow traders to look for higher-low setups. These formations often support continuation moves when confirmed. Until such a reclaim occurs, directional confidence remains limited.

If price rejects near $0.11, downside setups may develop. These setups usually depend on clear reversal signals at resistance. Without confirmation, price may continue to rotate within the existing range.

$0.1044 Support and Downside Risk

Support near $0.1044 plays a key role in maintaining the current short-term structure. Holding above this level helps preserve the recent rebound. Retests of this zone may offer opportunities if price shows reversal signs.

A sustained move below $0.1044 could shift momentum to the downside. In that case, selling pressure may increase. Traders would then focus on the $0.10 weekly low as the next area of interest.

This level has acted as support during previous trading periods. A move toward it would align with broader market weakness. Similar setups are visible across many altcoins.

Related Reading: SEI at a Make or Break Level: $0.105 Support Could Decide the Next Move

FOMC Event Adds Market Uncertainty

The upcoming FOMC decision is adding to market caution. Macro events often influence risk assets, including cryptocurrencies. Traders are reducing directional exposure ahead of the announcement.

Altcoins tend to react strongly during periods of macro-driven volatility. SEI may see sharper moves once the event passes. Until then, price action may remain compressed.

Market participants continue to monitor key levels rather than chasing moves. SEI remains range-bound between resistance and support. Direction is likely to follow a confirmed break after increased volatility.

Source: https://www.livebitcoinnews.com/sei-rebounds-from-lows-but-faces-key-0-11-resistance-ahead-of-fomc/