SEI has grabbed traders' attention again. After weeks of moving sideways, the token is showing fresh signs of momentum, sparked by recent BlackRock-related headlines that lifted sentiment across crypto markets.
Chart Analysis
SEI is currently trading near $0.285, staying above the $0.273 support level that's been tested and held multiple times. Recent bounce attempts have pushed the price back toward $0.291, which acts as a near-term pivot. The chart maps out a bullish target at $0.447, suggesting significant room for a breakout if resistance gets cleared. Support sits at $0.273, serving as a strong base, while immediate resistance comes in at $0.291 — the first barrier bulls need to crack. The major upside target sits at $0.447, implying a potential rally of around 55%. The repeated defense of that $0.273 level points to accumulation happening beneath the surface. If SEI can punch through $0.291, it would confirm bullish momentum and open the door toward that $0.447 projection.
Why Traders Are Watching SEI
There's a BlackRock catalyst at play here — institutional headlines tend to spark optimism in altcoins, and SEI caught some of that wave. The sideways trading pattern with consistent support retests suggests strong hands are quietly building positions. Plus, with market rotation flowing into smaller-cap layer-1 tokens, SEI could benefit if risk appetite keeps expanding.
The bullish scenario stays intact as long as SEI defends that $0.273 support. A clean break above $0.291 would likely accelerate momentum toward the $0.447 target. On the flip side, if $0.273 gives way, the setup could fall apart and expose further downside.
SEI Coin Bulls Eye $0.447 After BlackRock Boost
SEI has grabbed traders' attention again. After weeks of moving sideways, the token is showing fresh signs of momentum, sparked by recent BlackRock-related headlines that lifted sentiment across crypto markets.
Chart Analysis
SEI is currently trading near $0.285, staying above the $0.273 support level that's been tested and held multiple times. Recent bounce attempts have pushed the price back toward $0.291, which acts as a near-term pivot. The chart maps out a bullish target at $0.447, suggesting significant room for a breakout if resistance gets cleared. Support sits at $0.273, serving as a strong base, while immediate resistance comes in at $0.291 — the first barrier bulls need to crack. The major upside target sits at $0.447, implying a potential rally of around 55%. The repeated defense of that $0.273 level points to accumulation happening beneath the surface. If SEI can punch through $0.291, it would confirm bullish momentum and open the door toward that $0.447 projection.
Why Traders Are Watching SEI
There's a BlackRock catalyst at play here — institutional headlines tend to spark optimism in altcoins, and SEI caught some of that wave. The sideways trading pattern with consistent support retests suggests strong hands are quietly building positions. Plus, with market rotation flowing into smaller-cap layer-1 tokens, SEI could benefit if risk appetite keeps expanding.
The bullish scenario stays intact as long as SEI defends that $0.273 support. A clean break above $0.291 would likely accelerate momentum toward the $0.447 target. On the flip side, if $0.273 gives way, the setup could fall apart and expose further downside.