The crypto market shows SEI might be ready for a big price jump soon, based on chart analysis. By looking at support levels and price patterns, there are signs that SEI could move up significantly in the coming months.
Crypto Patel has shared his analysis on SEI, noting that it seems to be finding a bottom around the $0.13-$0.15 area. This could mark the start of an accumulation phase before a major upward move.
SEI Price Finding Support in Key Accumulation Zone
Looking at the 3-day chart gives us a good view of SEI’s bigger trend. The price has been dropping since March 2024. Right now, SEI trades at about $0.1534, sitting in what analysts call an “accumulation zone” between $0.13 and $0.15. This area acted as support before, shown by high volume trading and price consolidation in late 2023.
The chart shows multiple wicks in this zone, meaning buyers are stepping in when the price dips. The price is forming what looks like a rounded bottom pattern, which usually means sellers are getting tired and buyers are starting to take control.
Crypto Patel identifies this $0.15-$0.13 range as the main accumulation zone that could support the next bull run. If this support breaks, he points to a backup support zone between $0.10 and $0.09.
The Critical $0.22 Level for SEI Price Reversal
A key level to watch is $0.22, which Patel calls a “Change of Character” (ChoCh) point. If SEI closes above this price, it would signal a shift from bearish to bullish on the higher timeframe. This $0.22 mark is essential to confirm that the accumulation phase is complete and a new uptrend is starting.
The chart also shows a downward trendline connecting recent lower highs, which is now being tested. A break above this line, along with moving past $0.22, would strongly suggest the start of a bullish trend.
Patel stresses that watching the $0.22 level is crucial for confirming the trend change. If the price can successfully bounce from current levels, it would strengthen the case for continued upward movement.
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Potential SEI Price Targets and Projections
After breaking above $0.22, SEI would face several resistance levels on its way up: $0.26-$0.28, $0.40-$0.50, $0.71, $1.04, and $2.01.
The analysis projects an ambitious target of about $2.20, or possibly even $5, based on technical factors like Fair Value Gap extensions and Fibonacci projections. A move from $0.15 to $2.20 would represent a 1,050% gain—a 10.5x return.
These projections follow patterns seen in SEI’s previous price cycles, which typically show a strong uptrend, followed by a breakdown, then consolidation, before repeating. According to the analysis, SEI appears to be in the early stages of a new bullish cycle.
The analysis does consider downside risks, noting that if the $0.13 support breaks, SEI would likely find support between $0.10 and $0.09. Even then, the overall structure could still support a bullish outlook longer-term, just with a deeper pullback first.
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