- SEI’s TD Sequential buy signal suggests the correction phase may be ending, paving the way for fresh upside.
- Trading near $0.333, SEI has built a base between $0.25 and $0.35, supporting gradual recovery momentum.
- With a $2.01B market cap and long/short ratios above 3.0, traders remain firmly bullish on SEI’s outlook.
SEI continues to show renewed strength as technical signals highlight a potential upward extension in the near term. The TD Sequential indicator recently flashed a buy setup, a pattern often linked with trend reversals or continuation phases. This development suggests that the corrective phase may be ending and that momentum could shift in favor of buyers.
The token experienced a strong rally earlier before entering a short pullback phase marked by sideways consolidation. Such consolidation often establishes a base for renewed attempts to move higher. Therefore, the appearance of a buy signal at this stage reinforces the possibility of further upward progress.
Support levels remain critical in confirming the validity of this bullish signal. If SEI sustains its position above near-term support, higher targets could follow. However, failure to maintain this level may weaken the momentum and limit the follow-through.
Long-Term Price Action Shows Recovery Signs
The last one year has seen a steep volatility with SEI showing rallies and intensive corrections. At the beginning of 2024, the token reached its highest point of $1.03 and then went into a prolonged downward trend. This fall caused the price to drop to low of 0.0965 which indicated huge losses throughout the correction.
Source: blockchaincente
The token had trouble maintaining gains above 0.70-0.80 as recovery efforts were made all through the year. Such attempts usually were followed by sharp re-trades that indicated speculative market action and unsound mood. But the last few months indicate that the situation is stabilizing within a narrower band.
The SEI is at the moment trading at around 0.333 which is significantly higher than its annual low but significantly lower than the peaks. The token has created a support base between $0.25 and 0.35 and this is giving them a base to work slowly upwards. Climbing back above $0.40 is one of the major steps that can be made to ensure stronger bullish continuation.
Positive Sentiment is proven by market data.
With a market capitalization of approximately 2.01 billion, SEI is also relevant as one of the mid-cap digital assets. The token has increased by 2.74 percent over the last 24 hours, whereas the 7-day gain was almost 19.59 percent. It is an indication of a consistent upward trend with large volumes of trading.
Source: Coinglass
Longer-term results show notable recovery progress despite year-to-date weakness. Over 90 days, SEI surged 85.48%, while the 180-day gain reached 62.44%. On a one-year basis, the token is up 17.92%, confirming the rebound trend.
Data from major exchanges highlights strong long positioning among traders. Binance’s SEI/USDT long/short ratio stands at 2.93, while top traders show ratios above 3.39. This positioning reflects confidence in continued upward potential, aligning with technical and market signals.
