SEI Breaks Out with Bullish Inverse H&S Pattern: Price Targets $0.430 to $0.700

SEI confirmed a breakout from a prominent broadening wedge pattern, accompanied by a classic inverse head and shoulders (H&S) formation.

This technical setup points toward sustained bullish momentum, as the neckline of the H&S pattern remains firmly supported. The price action signals a possible strong upward move, with several key resistance levels identified as potential targets.

Breakout Confirmation and Technical Setup

According to analyst Jonathan Carter on X, SEI’s breakout above the broadening wedge’s upper boundary marks a significant continuation pattern breakout.

Broadening wedge formations typically precede strong directional moves, and the concurrent inverse head and shoulders pattern further reinforces the bullish case. The pattern’s neckline has withstood recent tests, indicating increasing buying pressure and market confidence.

Source: X

Supporting the breakout, there was a substantial surge in trading volume—an essential confirmation in technical analysis. The volume spike suggests broader market participation, with many traders backing the price at elevated levels. This heightened interest is evident from the volume bars rising sharply during the breakout phase, validating the strength and sustainability of the current upward trend.

Price Movement and Volume Insights from Bravenewcoin

Recent 24-hour data from Bravenewcoin shows SEI’s price moving from approximately $0.345 to $0.35, representing a healthy gain of 2.26%. This movement signifies a breach above the $0.345 resistance level, potentially heralding advances toward higher targets. Alongside the price increase, trading volume surged to $392 million, underscoring strong market engagement.

Source: BraveNewCoin

Such elevated volume, coupled with upward price momentum, reinforces the bullish outlook. Market participants are actively supporting the uptrend, suggesting increased confidence in the coin’s near-term price action. This combination of price and volume dynamics typically precedes further upside potential, building a solid foundation for ongoing gains.

The Relative Strength Index (RSI) stands at 58.84, placing the token in the neutral-to-bullish zone. This reading implies there remains room for price expansion before hitting overbought levels. Traders should be attentive to price behavior around the $0.35 resistance; a successful breakout here could fuel momentum toward $0.38 and beyond, contingent on prevailing market sentiment.

Broader Technical Indicators from TradingView

An extended view from TradingView charts illustrates SEI’s recent price oscillation between $0.34 and $0.39. The latest retracement brought the price back near $0.3470 while maintaining bullish momentum. The RSI level near 58.84 confirms growing buying interest without signaling overheating, maintaining the potential for further upward movement.

Source: TradingView

Bollinger Band Power (BBP) data reflects rising market volatility corresponding with increased trading volumes during price upswings. Beneath the price chart, the mix of green and red volume bars demonstrates alternating buying and selling pressure. Notably, the predominance of green bars indicates bullish dominance, which may continue pushing the price upward.

The $0.34 mark currently serves as solid support. Holding above this level is critical for sustaining the upward trajectory. Should the asset break above the $0.39 resistance, additional bullish momentum may materialize, with potential price targets identified in the $0.40 to $0.43 range. Longer-term forecasts extend even higher, with expectations of reaching $0.555 and $0.700, marking important resistance zones that traders will watch closely.