SEI is coiling beneath a make-or-break level, and a single strong reclaim could flip market structure fast. With price hovering near $0.297 and daily RSI around 45, the token sits in neutral territory—compressed enough for a sharp move, yet sensitive to broader altcoin weakness. The key? Whether bulls can win back $0.35 and hold it.

What’s happening on the chart

Analyst insights point to SEI retesting a key trendline with $0.35 acting as pivotal support/resistance. A decisive break and hold above that zone would unlock Fibonacci-based resistance steps at $0.50, $0.70, and $0.90. The RSI’s neutral posture leaves room for upside if buying pressure expands. Failure to reclaim and hold could mean more chop below resistance.

Why this matters to traders

This is an asymmetry setup: acceptance above $0.35 offers a defined trigger with layered targets, while invalidation is tight and measurable. In a market where many altcoins have corrected, confirmed strength stands out—and trend participation often rewards early, rule-based entries over impulse buys.

Key levels and scenarios

• Trigger to watch: Daily or 4H close and hold above $0.35 with rising volume.
• Targets if confirmed: $0.50 → $0.70 → $0.90 (Fibonacci/structure confluence).
• Near-term supports: $0.30 (session base), $0.29 (range floor), then $0.27.
• Invalidation: Sustained rejection under $0.35 or a daily close below $0.29 suggests continued range or downside.

A pragmatic trading approach

• Breakout plan: Wait for a confirmed close above $0.35, then look for a clean retest/hold. Consider tight stops (e.g., below $0.33) and scale partial profits at $0.50, $0.70, and $0.90.
• Range plan: If price remains capped, avoid chasing. Trade inside the range only on clear reclaims of $0.30 with tight risk controls.
• Risk management: Keep position sizes modest, avoid excessive leverage, and predefine invalidation levels to prevent decision drift.

Risks and confirmations

• Market beta: Broad altcoin weakness or a BTC downdraft can invalidate otherwise clean setups. Monitor BTC trend and dominance.
• False breakouts: Watch for low-volume wicks above $0.35. Seek rising volume, improving spot CVD, and RSI pushing above 50 for confirmation.
• Liquidity: Thinner books can exaggerate moves. Stagger entries/exits and use limit orders where possible.

Bottom line

SEI is at a critical juncture. Above $0.35 with confirmation, momentum could target $0.50–$0.90. Below $0.30, expect continued chop or downside. Let the chart confirm, define your invalidation, and execute with discipline.

If you don't want to miss any crypto news, follow my account on X.