SEI Surges 30% in a Week, Poised for Breakout Above $0.28
SEI price analysis shows a 30% recovery over the last week after finding support above $0.15. The SEI price has formed a double-bottom pattern and cleared a key monthly resistance line. A daily close above $0.28 would confirm a neckline breakout, targeting $0.347 and potentially $0.434. On the downside, a pullback to $0.185 or lower support at $0.159 and $0.13 is possible if Bitcoin’s recent downturn drags SEI down. Overall, the SEI price outlook is bullish, with high volatility and clear levels to watch for traders.
Bullish
The 30% recovery and a clear double-bottom pattern signal renewed bullish momentum for SEI. Breakouts above key resistance levels have historically led to strong rallies in similar altcoins. Traders reacting to an SEI daily close above $0.28 are likely to drive short-term buying pressure toward the next targets at $0.347 and $0.434. Long-term sentiment also improves when support at $0.15 remains intact, suggesting sustained strength if broader market conditions hold.