Sei Coinis is showing renewed strength after weeks of corrective movement, with price action hinting at a potential trend reversal.
The token has reclaimed a key support level, and technical indicators now signal early signs of recovery, suggesting that momentum could be shifting in favor of buyers if current conditions persist.
Highlights Show Bullish Reversal Setup
A recent analysis shared on X (Twitter) shows that Sei has broken above a major descending trendline, signaling a potential end to its previous bearish phase. The token is currently consolidating above the $0.1800 support zone, a level that has repeatedly served as a strong demand area in the past.
Analysts note that maintaining this base could pave the way for the asset to test higher resistance levels at $0.2106, $0.2285, and possibly extend toward $0.2400–$0.2503 if the bullish momentum continues.
Source: X
The chart also highlights that after a steep decline earlier in the month, the crypto has started forming higher lows, a classic indicator of a potential reversal. The absence of sharp rejections following the trendline breakout has strengthened market confidence in the ongoing recovery.
Additionally, underlying fundamentals such as growing adoption and network activity have reportedly improved, supporting the bullish case. The analyst concludes that if the cryptocurrency sustains its position above $0.1800, a steady uptrend could unfold in the coming sessions.
Market Data Shows SEI Up 3.61% in 24 Hours
According to BraveNewCoin, Sei is currently trading at $0.20, up 3.61% over the last 24 hours. The token holds a market capitalization of $1.27 billion, ranking 99th globally, with a daily trading volume of $61.37 million. The available supply stands at 6.24 billion tokens, reflecting healthy market liquidity and steady trading activity.
Source: BraveNewCoin
The price chart indicates that the token has maintained a tight consolidation range between $0.19 and $0.20, suggesting balanced market dynamics as buyers and sellers test control. Sustained trading above this range could open the path toward the $0.22 resistance level, while a breakdown below $0.19 may trigger renewed selling pressure.
Technical Indicators Suggest Early Signs of Recovery
On th e the other hand, the daily chart on TradingView confirms that SEI is holding near $0.203, posting a modest +1.86% gain on the day. The token has shown resilience after a sharp early-October drop, with price action consolidating above the critical $0.19–$0.20 support range. Multiple small-bodied candles on the chart reflect market indecision, signaling that traders are closely watching for confirmation of a potential rebound.
Source: TradingView
The Relative Strength Index (RSI) currently stands at 39.33, recovering from oversold conditions. Its upward slope and crossover above the RSI-based moving average (33.63) indicate waning bearish momentum. However, the RSI remains below the neutral 50 mark, implying that the broader sentiment is still cautious. For SEI to establish a firm recovery trend, the RSI must climb above 50 alongside rising daily closes.
The MACD indicator further supports this cautiously bullish view, with the MACD line (–0.0224) nearing a crossover above the signal line. The histogram has turned slightly positive at 0.0018, suggesting the beginning of a momentum shift in favor of buyers. A confirmed MACD crossover could validate the short-term reversal scenario, particularly if accompanied by stronger volume. Overall, SEI’s chart structure and momentum indicators collectively point to early signs of stabilization, with a potential breakout above $0.22 likely to confirm a broader bullish phase.
