Sei Eyes Another Run: Key Levels Suggest a New High Is Brewing
Although the recent surge in Sei eased off after peaking at $0.39, the price movement is still technically positive. Near short-term support, the token is consolidating while traders predict its next movement. A bullish continuation is nevertheless supported by volume patterns and moving averages, even in the face of slight pullbacks. Now, traders keep an eye on critical areas that could provide fresh impetus for prior highs.
SEI Consolidates Above $0.31: Is This Just a Pause Before Liftoff?
The SEI/USDT daily chart indicates that following a controlled pullback, the price is still above its 30-day moving average (MA30) of $0.3106. At the moment, SEI is down 1.11% from its last close, trading at $0.3296. The price is still above the rising 60-day MA60 and near the 10-day MA, which both indicate medium-term support. This implies that the pullback is orderly and in line with profit-taking after a lengthy surge that peaked earlier in July at about $0.39.
Instead of strong selling, the price movement over the last few sessions reflects market hesitation with smaller candle bodies and tighter ranges. When the price stays above breakout zones, this pattern frequently comes before a directional move.
SEI Trading Above Key Moving Averages
The SEI is now trading at $0.3451. The RSI-based moving average is higher at 63.82 than the Relative Strength Index (RSI), which is at 55.55. This indicates that momentum is still above the 50 midline even though it has slowed from recent highs. In continuous uptrends, readings between 50 and 60 are frequently linked to consolidations. The RSI may indicate the resurgence of bullish vigor if it levels off and starts to rise once more. If the price stays above the 30-day MA and the RSI rises, SEI may once again aim for $0.36 to $0.39. However, the token can be vulnerable to a retest of the $0.28–$0.29 range if it breaks below $0.31.
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