SEI Surges 30%, Next Stop $0.49 if $0.37 Flips

Key Insights:

• SEI gained over 30% from $0.26 support, now targeting $0.37 as next breakout level.
• Analysts see a bullish pennant breakout, suggesting momentum could extend toward the $0.49–$0.52 zone.
• Key support remains $0.29–$0.30, while $0.37 decides if rally continues or faces rejection.

SEI has rallied strongly after breaking out of a falling wedge pattern near the $0.26–$0.27 support zone. Since the breakout, the token has advanced by more than 30%, with the price now trading around $0.3538. Over the past 24 hours, SEI is up 5.98%, and over the past week, it has gained 22.69%. Daily trading volume has reached $207.7 million, showing a high level of market activity.

Chart watchers point to the wedge breakout as a turning point for the asset. The price has held above earlier support, and attention is now focused on the next resistance at $0.37. This level has acted as a ceiling in the past, making it an area where sellers could return.

$0.37 as the Key Level

Market participants view $0.37 as the next important test. If the price fails to push through, SEI could move back toward the $0.30–$0.32 range. On the other hand, clearing this barrier may create room for a larger move.

According to trader Crypto Feras,

 “The next key level is 0.37$, flipping it means 0.49 — 0.52$ is next.” 

However,this range matches with chart projections that see the next supply area near half a dollar. The outcome at $0.37 will likely decide whether the current rally extends or pauses.

https://twitter.com/CryptoFeras/status/1966793111599734851

Bullish Pennant Formation

A separate analysis by World of Charts shows SEI also broke out of a bullish pennant pattern, which had formed above the $0.29–$0.30 support area. Pennants are periods of price compression within a trend, and breaking out of them often signals continuation. This move has already added 13–14% to the price.

World of Charts noted, 

“This breakout could lead another rally towards 0.50$.”

 However, Past data supports this view, with earlier pennant and wedge breakouts producing rallies of more than 50% and in some cases over 160%. The setup suggests that the move toward $0.50 remains in play if buyers maintain momentum.

Outlook and Support Zones

While momentum favors the bulls, traders are watching downside levels closely. The $0.29–$0.30 zone now serves as short-term support, while the wedge breakout area at $0.26–$0.27 remains the stronger base. As long as the price stays above these levels, the breakout structure is intact.

If SEI secures a firm move above $0.37, the path toward $0.49–$0.52 becomes clearer. With strong volume and recent breakout patterns aligning, the coming sessions may determine whether the token extends its rally toward the next resistance zone.