SEI Price Ready to Pump? Here’s What the Chart Signals

SEI is starting to show some strength again while traders keep a close eye on key levels. The token is trading around $0.274, holding an important support zone that could set up the next move

Two tweets from prominent analysts point to a possible breakout and explain what to watch on the chart.

SEI Price Holding Strong at $0.27

Trader Ali Martinez highlighted how SEI price is holding the $0.27 support and could rebound toward $0.34. On the 4-hour chart, SEI has been moving sideways since early August, with a clear range between $0.27 and $0.36 and a mid-point near $0.31.

Source: X/AliMartinez

The latest candles even dipped slightly to $0.267 before snapping back above support. That’s the kind of quick “spring” move traders look for when sellers get exhausted and buyers step in

As long as the SEI price stays above $0.27, the next checkpoints sit at $0.284-$0.290 and $0.300-$0.305, with $0.31 acting as the big decision level.

SEI Fibonacci Setup Points to a Bounce

Analyst OKAN shared a daily chart showing SEI price stuck in a $0.26-$0.35 band and forming a tight Fibonacci channel

The 0.5 fib retracement at about $0.271 is the base to watch. If the price clears the 0.382 level near $0.298 and the 0.236 level around $0.331, it opens the door toward the $0.35-$0.36 range high.

Source: X/OKAN

The Williams %R indicator is still deep in oversold territory. A turn higher from here often helps fuel a bounce when price is holding firm support.

What’s Next for SEI

If SEI price keeps closing above $0.27, the chart favors a climb toward $0.31 and then $0.33-$0.34. Strong momentum could even test the $0.35-$0.36 resistance zone.

A daily close back under $0.27 would cancel the bullish setup and shift interest to $0.261 or even $0.244 as the next support areas.

With the range tightening and key support still intact, SEI price action is setting up for a possible upside move. Traders are watching to see if bulls can keep control above $0.27 and aim for the upper part of the range.

Read Also: PayPal’s Stablecoin Is Coming to SEI, Analyst Forecasts 10x Spike

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The post SEI Price Ready to Pump? Here’s What the Chart Signals appeared first on CaptainAltcoin.