SEI Coin is showing renewed momentum as the token breaks out from a prolonged falling wedge formation, sparking optimism among holders.

The move above the $0.20 zone is seen as an early sign of trend reversal, supported by gradually improving volume and technical indicators. Analysts now eye $0.22 as the next major target, provided the coin can hold above its breakout level.

SEI Breaks Out of Falling Wedge, Analyst Ali Eyes $0.22 Target

On X, analyst Ali highlighted a bullish breakout in SEI following weeks of consolidation within a falling wedge pattern. The breakout took place around the $0.20 level, signaling a shift in control from sellers to buyers after an extended downtrend. Falling wedges often mark the end of bearish phases, and this breakout above the upper boundary confirms strengthening bullish sentiment.

Source: X

Ali’s chart identifies $0.22 as the next potential target aligning with a key Fibonacci retracement zone and a prior resistance area from mid-October. The move represents a potential 10% upside from the breakout point.

However, the analyst cautions that short-term pullbacks to retest the breakout trendline are possible before a continuation higher. If the asset can sustain higher lows above $0.20–$0.203, the reversal setup remains intact, suggesting the start of a broader recovery cycle.

SEI Maintains Gains Above $0.21, Market Cap Nears $1.3B

According to BraveNewCoin data, SEI is currently trading at $0.21, reflecting a 3.92% gain in the past 24 hours. The network’s market capitalization stands at $1.29 billion, supported by a 24-hour trading volume of $79.8 million and a circulating supply of 6.24 billion tokens. This uptick marks the continuation of a short-term recovery phase that began earlier in the week after the token reclaimed the $0.20 psychological level.

Source : BraveNewCoin

The steady increase in volume suggests renewed participation, indicating that buyers are returning as confidence builds around the token’s price stabilization. If market sentiment remains favorable, the token could consolidate around $0.21 before attempting a breakout toward $0.22–$0.23. The broader structure aligns with analyst Ali’s thesis of a reversal phase, provided price action remains above the $0.20 demand zone.

Technical Indicators Confirm Early Recovery Signs

At the time of writing, SEI is trading near $0.2082, showing a modest +0.63% intraday gain, according to TradingView data. The daily chart reveals a gradual upward trajectory from the $0.19 support, marking the formation of early higher lows — a characteristic of trend reversal. The current consolidation near $0.21 suggests that the token is building a stronger base before potentially extending gains.

Source: TradingView

The Relative Strength Index (RSI) has risen to 41.81, up from last week’s lows, and is now positioned above its moving average (34.02), signaling reduced selling pressure. Although still below the neutral 50 mark, RSI’s upward slope suggests growing buyer momentum. Meanwhile, the MACD indicator shows the MACD line (–0.0201) approaching a bullish crossover above the signal line, with a positive histogram (0.0032) confirming an early shift in momentum.

A successful breakout above $0.21 and sustained closes above $0.203 would validate this bullish scenario, potentially driving the asset I toward the $0.22–$0.225 resistance zone. Conversely, failure to hold the $0.195 support could invalidate the setup and signal renewed consolidation. For now, momentum indicators, price structure, and volume behavior collectively point toward an emerging bullish recovery phase for the asset.