Sei is currently maintaining a critical support level at $0.34, displaying characteristics that suggest the potential for significant price appreciation by the end of the year.
Recent technical analyses highlight the token’s position within an ascending channel, accompanied by rising volume and momentum indicators that indicate a possible continuation of the bullish trend.
Ascending Channel Indicates Stability and Potential Breakout
The price movement of SEI remains confined within a well-defined ascending channel, a pattern commonly associated with upward trends. The lower boundary of this channel has functioned as a reliable support level, successfully preventing notable downward price movements. At present, the token’s price is just above this support, reflecting resilience in maintaining this structural position.
Source: X
Should the price sustain its position and begin an upward bounce from this lower boundary, the immediate target would be the mid-point of the channel. Achieving this level would suggest further strength in the upward trend and potentially drive the price toward the upper boundary of the channel.
A breach above this upper resistance could initiate a new bullish wave, contingent on continued momentum. Conversely, failure to hold the lower boundary might lead to a retest of support or a possible breakdown from the ascending channel structure.
Volume Surge Validates Price Movement and Market Interest
Recent market data shows a notable price increase of approximately 5.16%, with the token reaching $0.34. This upward movement is supported by a corresponding rise in trading volume, which confirms the participation of market players in the current trend. Higher trading volumes tend to validate price changes, indicating that the movement is backed by genuine investor interest.
Source: BraveNewCoin
The price has been trending upward steadily from recent lows, reflecting a generally positive market sentiment. The next resistance level to watch is around $0.35. If this resistance is surpassed with adequate volume support, it may lead to further gains and challenges to earlier highs.
The observed trend and volume patterns suggest that current buying pressure dominates the market, favoring additional upside potential as long as key support levels remain intact.
Technical Indicators Reflect Mixed Momentum and Market Caution
Technical indicators such as the MACD and Chaikin Money Flow (CMF) offer deeper insight into the momentum behind $SEI’s price movements. The MACD histogram has moved into positive territory, and the MACD line crossing above the signal line signals growing bullish momentum, implying the possibility of continued price strengthening.
Source: TradingView
On the other hand, the CMF indicator shows a neutral reading near zero, which implies that accumulation or distribution pressures are balanced. This neutrality suggests the market is not decisively leaning toward buying or selling at this stage.
Consequently, while the bullish signals from the MACD indicate potential growth, the neutral CMF calls for cautious observation. Traders are advised to monitor for changes in buying or selling activity that could confirm the direction of the next significant price movement.
Market participants should continue to watch price behavior near channel boundaries and volume trends for confirmation of further movements.
Source: https://bravenewcoin.com/insights/sei-holds-key-support-at-0-34-with-2x-growth-potential-by-end-of-2025