SEI shows signs of a bullish reversal after breaking out from a falling wedge with bullish RSI divergence.
Analysts iWantCoinNews and Ali highlight key support near $0.20 and potential upside targets at $0.31 and $0.44. Sustaining momentum above $0.18 could confirm trend continuation as the altcoin eyes a recovery toward November’s higher resistance zones.
Bullish Structure Shift Suggests Uptrend Formation
The latest analysis from iWantCoinNews indicates that the asset is showing early signs of structural recovery. The asset has broken out from a falling wedge pattern supported by a bullish RSI divergence. This combination often signals the end of a correction phase and the potential start of a recovery trend. The chart shows that sellers are gradually losing control, while buyers are establishing momentum, suggesting a transition toward a higher price structure.
SEIUSDT Chart | Source:x
A breakout above the descending resistance line marks a shift in sentiment. The formation of higher lows is expected in the sessions ahead, reinforcing a potential upward continuation. Based on the current setup, analysts identify the $0.25–$0.27 range as the next resistance area. A confirmed move above these levels would validate a bullish structure and could attract further participation from traders watching for trend continuation.
Key Support Zone Remains Intact
Analyst Ali observes that the altcoin continues to maintain its crucial support near $0.20, a level that has repeatedly acted as a foundation during recent sessions. The asset’s ability to hold this zone suggests the presence of consistent buyer interest despite short-term volatility. Historically, maintaining such a base has preceded recoveries, particularly when trading volume remains stable and accumulation phases persist.
SEIUSDT Chart | Source:x
Ali points to upside targets at $0.31 and $0.44 if bullish momentum strengthens. The $0.31 level represents a midrange resistance that could confirm the continuation of an ascending channel pattern. Meanwhile, $0.44 stands as a longer-term resistance level where sellers previously initiated profit-taking. If the token sustains its support base, the chart structure indicates potential for a steady climb into November, supported by higher lows and renewed trading activity.
Market Behavior Reflects Controlled Consolidation
The cryptocurrency is currently trading at $0.20 after a 3.28% decline in the past 24 hours. The token briefly touched $0.210 before returning to a range near $0.202, where price activity has remained balanced. This pattern reflects short-term profit-taking rather than broad selling pressure. The trading volume of $76.24 million shows steady but cautious engagement among participants, suggesting that most traders are waiting for confirmation of the next move.
SEIUSD 24-Hr Chart | Source: BraveNewCoin
Market data indicates that the $0.20 area has developed into a short-term accumulation zone. Buyers have repeatedly defended this level, preventing further downside movement. If the token sustains above this threshold, momentum could rebuild toward $0.21 and beyond. However, failure to hold above $0.198 could expose the coin to additional pressure, potentially leading to a retest of $0.185.
Outlook Points to Gradual Recovery Pattern
Technical analysis suggests that its recovery pattern may follow a stair-step trajectory, characterized by gradual upward movements and intermittent corrections. Maintaining support above $0.18 remains critical for confirming the continuation of the emerging bullish trend. The dotted projection on the chart reflects this possible recovery path, aligning with the broader market’s attempt to stabilize after recent volatility.
The market capitalization stands at approximately $1.25 billion, placing it within the mid-cap category of digital assets. The token’s structure suggests that renewed buying volume could strengthen price stability heading into November. If momentum continues to develop as projected, the asset could sustain a recovery toward the $0.30 level, aligning with broader optimism observed across the altcoin market.