- •$SEI is holding the 50 SMA support, echoing a technical setup that drove a previous 120% rally.
- •Current trading shows $SEI at $0.2778, moving within a tight $0.2747–$0.2845 daily range.
- •Resistance sits at $0.285, while $0.275 remains the key support to maintain bullish structure.
$SEI is testing the 50 SMA support on the 3‑day chart, a level that previously triggered a 120% surge. Traders are closely monitoring price action for signals of a potential rebound or renewed breakdown.
Technical Setup on the Chart
Ali (@ali_charts) noted the recurring pattern as $SEI returns to its 50 SMA on the 3‑day chart. The last bounce from this level produced a strong 120% advance, raising attention to the present retest.
The moving average has flattened, creating a dynamic support that has been tested multiple times. Candles continue to show lower wicks toward this line, signaling that buyers are stepping in at the same zone once again.
For the bullish scenario to hold, traders require confirmation. Expanding volume and a decisive close above near‑term resistance would validate the case for another leg higher. Without those signals, the setup remains unproven.
Current Market Conditions
At the time of writing, $SEI trades at $0.2778, showing a marginal decline of 0.4% in the past 24 hours. The token’s trading range during this period has stayed between $0.2747 and $0.2845.
The asset holds a market capitalization of $1.70 billion with a fully diluted valuation of $2.77 billion. Circulating supply is currently 6.12 billion, while the total supply is 10 billion, leaving potential for future unlock events to influence supply dynamics.
The day‑to‑day turnover was at $103 million and the liquidity was maintained due to the tight spread. Buyers are holding at $0.275, whereas the sellers are holding at $0.285 creating a short‑term consolidation area.
Breakout or Breakdown Scenarios
The short‑term test of the bulls is a close above the zone of $0.285 resistance. With such a proposal supported by volume, $SEI might have a chance of shooting up to $0.29‑0.30, recreating short‑term momentum in favor of the buyers.
On the other hand, any loss around the $0.275 would put the price at risk of further deterioration. A close below the 50 SMA over several days will weaken the bullish thesis and could lead to a revisit of the $0.270 level or lower.
Larger market feeling will also have an impact. A constructive backdrop across major tokens could encourage follow‑through, while weakness in the wider crypto space may limit upside even with a clean setup. Traders are balancing opportunity with strict risk control.