Key takeaways
- SEI has reclaimed the psychological $0.30 level, opening the door for a potential further rally.
- This positive performance comes despite losses recorded by Bitcoin and other major cryptocurrencies.
SEI rises while BTC and others falter
SEI, the 47th largest cryptocurrency by market capitalization, has been one of the top performers among the top 100 over the past 24 hours. The token gained about 5% in this period, allowing it to regain the $0.30 mark.
This uptick occurred even as Bitcoin, Ether, XRP and several other large-cap cryptocurrencies showed losses. Bitcoin was unable to build on its earlier momentum and now appears at risk of slipping below $106k in the near term.
SEI’s latest advance follows a remarkable 80% gain last week. With bulls still in control, the token could soon resume its upward trajectory and reach a fresh six-month high.
SEI could climb to $0.430
The SEI/USD 4-hour chart displays a bullish and orderly structure, suggesting a positive bias for the asset. That structure indicates the market has cleared downside liquidity and is positioned to move higher in the short term.
The pair’s RSI sits near 60, signaling buying pressure from investors. Meanwhile, the MACD lines have crossed into positive territory, reading around 0.0108, which reinforces the view that buyers are in control.
With the bullish trend resuming, SEI could target the first major resistance at $0.3516. If the rally extends, the token may reach the $0.430 level for the first time since January 2025. However, this upside will likely depend on the broader crypto market and how Bitcoin’s price action unfolds.
There remains a risk of a bearish reversal. Any downside movement could force SEI to retest the recent low near $0.24. A prolonged downturn might push the token toward transaction liquidity (TLQ) around $0.19. Bulls, however, have strongly defended that level over the past few weeks.
In summary, SEI’s recent gains and technical indicators point to further upside potential, but the token’s near-term path will be heavily influenced by overall market sentiment and Bitcoin’s performance. Traders should watch key support and resistance zones and remain mindful of volatility as the market evolves.