Key Insights:
- TD Sequential buy signal suggests SEI could bounce after testing major support near $0.19.
- Momentum indicators show weakness, but price action hints at a possible bottom formation.
- Fib levels point to $0.23, $0.27, and $0.31 as next upside targets if support holds.
A TD Sequential “9” signal has been printed on SEI’s 4-day chart, often viewed as a possible turning point in trend. The current price is around $0.1817, just below the $0.19 level that analyst Ali Martinez marked as critical. “Hold $0.19 as support; the next move could be a rebound to $0.31,” he posted.
The $0.19 zone lines up with the 0.5 Fibonacci retracement level at $0.1878, which has been an area of interest before. If it holds, SEI may have room to recover from recent losses.
Upside Levels Based on Chart Structure
If support stays intact, a potential recovery could follow a gradual pattern. The first area to watch is $0.23 (Fib 0.382), followed by $0.27 (Fib 0.236). The top of the range sits near $0.31, which was a recent local high. These levels are based on earlier moves and offer short-term resistance zones.
The recovery path shown on the chart reflects a step-by-step rise rather than a sharp breakout. Any move higher may take time and could develop over several sessions. A drop below $0.1878 would weaken this setup and shift attention to lower levels near $0.158
Momentum Indicators Are Mixed
The daily RSI is sitting at 33.89. It’s close to the oversold area, which starts below 30. Momentum is still weak, and the RSI is below its average line at 34.47. That shows sellers are still in control for now, but the range suggests a possible bounce if buying interest picks up.
The MACD line has crossed above the signal line, though both remain below zero. This early crossover and a slightly green histogram suggest some easing in the downtrend, but follow-through is needed to confirm a shift.
Source: TradingView
Market Snapshot
SEI was down 9.3% over the past day and nearly 6% over the last week. Trading volume in the past 24 hours is $153.4 million. The price is testing a major support zone, and traders are watching to see if it can stabilize. If $0.19 holds, a move toward $0.23 or $0.31 remains on the table.
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Source: https://coincu.com/analysis/sei-gets-td-buy-signal-next-stop-0-31/