SEI Price- SEI Faces Bearish Pressure Despite Early July Bullish Attempts
SEI Price– SEI has faced a tough battle breaking past the $0.35 resistance, sliding 5.5% in the last 24 hours and nearing the lower end of a three-week trading range. The altcoin remains trapped between $0.317 and $0.37, showing no clear breakout signals.
Technical Indicators Signal Continued Consolidation
Recent technicals suggest bulls and bears are evenly matched. The Chaikin Money Flow (CMF) hovers near zero, indicating neither buyers nor sellers dominate. The Accumulation/Distribution (A/D) line has shown no clear trend over the past month, while the Awesome Oscillator has dropped toward zero, highlighting weakening bullish momentum.
SEI briefly rallied above $0.347 resistance in early July but was rejected around $0.37, confirming strong bearish pressure. This has created a solid horizontal resistance zone that the altcoin has struggled to surpass.
Is SEI a Buy Despite Lack of Momentum?
For swing traders, SEI still holds promise. The key demand zone near $0.31 has acted as a strong support, forming a bullish order block. A retest of this area could offer a strategic entry point — but caution is advised.
Traders should watch for clear bullish confirmation on 1-hour or lower timeframes before entering. Jumping in blindly at $0.31 risks losses if Bitcoin’s broader market movement drags SEI down further, potentially breaking the current range.
