After weeks of bearish pressure, Sei (SEI) is showcasing a remarkable recovery, breaking above a significant descending trendline. The token has recorded a notable 4.4% gain over the past 24 hours, now trading at $0.2055, rekindling optimism among investors.
With a market capitalization of $1.27 billion, Sei currently ranks as the 99th largest cryptocurrency globally. It has seen a jump in daily trading volume to $87.42 million, reflecting a 46.61% increase from the previous day, indicating renewed trader interest.
The recent performance highlights an available supply of 6.24 billion tokens, complemented by a 5.63% increase over the past week. This newfound dynamism suggests a potential shift in market sentiment.
Technical analysis reveals that Sei has successfully consolidated above the $0.1800 support zone, a critical area of demand observed during recent trading sessions. Analysts are now eyeing resistance levels at $0.22, $0.27, $0.36, $0.52, and even $0.74 as the bullish momentum builds.
The price chart indicates that Sei is forming higher lows following a steep decline earlier in October—a pattern that often suggests the beginning of a bullish trend.
Technical Indicators Signal a Turnaround
The Relative Strength Index (RSI) currently sits at 39.33, recovering from oversold conditions, having crossed above its moving average at 33.63. Although the RSI remains below the crucial neutral mark of 50, its trajectory indicates weakening bearish momentum, which could lead to a confirmed recovery trend with sustained upward movement.
Meanwhile, the MACD indicator reflects a potential bullish crossover, with its line approaching a position above the signal line. The histogram turning slightly positive at 0.0018 further supports the narrative of shifting momentum towards buyers.
Market Predictions and Future Targets
Crypto analysts continue to scrutinize Sei’s charts for breakout signals. Profit Demon, a noted analyst, has identified a descending channel pattern on the three-day chart, suggesting that the token may be gearing up for bullish expansion. Price targets are projected at $0.27, $0.36, $0.52, and $0.74 if the rising momentum persists.
Looking towards the end of 2025, projections for Sei’s price vary significantly. DigitalCoinPrice forecasts that the token could reach up to $0.45, while Changelly takes a more cautious stance, estimating a minimum price of $0.154 and a maximum of $0.177, with an average trading position around $0.199.
Currently, Sei is consolidating between $0.19 and $0.20. A sustained trading presence above $0.20 could potentially propel the asset toward the $0.22 resistance level. However, failure to maintain this level could trigger pressure once again, emphasizing the delicate balance in the current market environment.
