- SEI successfully turned prior resistance at $0.25–$0.27 into support, creating a strong bullish structure with a clear breakout setup.
- The inverse head and shoulders pattern confirmed the breakout, with accumulation above the neckline preparing the market for the next upward move.
- Derivatives data and long-to-short ratios favor bulls, signaling renewed participation and potential continuation toward the $0.70 price target in the near term.
SEI is experiencing an apparent breakout set up following its ability to convert past resistance into support. The market action and technical indications indicate that in the short run, the cryptocurrency may be approaching $0.70.
Resistance Flipped Into Support
SEI/USDT daily charts indicate that the previous resistance zone around $0.25–$0.27 has been decisively broken and now acts as strong support. This flip confirms that buyers are controlling the market and a breakout setup is in place.
The bullish structure is augmented by the inverse head and shoulders pattern occurring on the back of a long-term downward trend. The neckline break out then a retest indicates that the support level is holding, which serves to support the continuation potential.
Market commentary from Crypto Target highlights that the current price action reflects a reloading phase, where accumulation above the flipped support prepares the market for a further rally. Once this range resolves, the projected target reaches $0.70.
Accumulation Range Prepares Next Leg
SEI is consolidating within a small accumulation range above the new support zone. This sideways movement allows the market to absorb selling pressure while positioning for the next impulsive move.
The accumulation serves to stabilize price while eliminating weaker positions. Measured projections from the inverse head and shoulders formation suggest an upside target around $0.70, based on the height of the pattern extended from the neckline.
The current market behavior indicates confidence among traders. Analysts describe this phase as a reload period, presenting a structured risk–reward setup for the next leg higher. The consolidation shows that momentum is building gradually.
Market Participation and Bullish Signals
Derivatives data reflects strong bullish activity. Trading volume increased by 18.26% to $322.7 million, while open interest rose 1.83% to $264.5 million, indicating renewed engagement from traders.
Long-to-short ratios across major exchanges remain bullish. Binance reports 1.65, OKX 1.63, and top trader positions exceed 1.17. Despite a slightly lower global 24-hour ratio of 0.91, long positions dominate among key traders, supporting continuation.
iWantCoinNews also cite ETF applications, growing network adoption, and strong price action as drivers of bullish sentiment. SEI, as of this writing, was trading at $0.2981 with a 24-hour volume of $175,625,546, maintaining stability above key support and preparing for a potential continuation toward $0.70.
