Sei Price Retests Demand Zone With Bullish Structure

Despite a recent 4% drop to $0.19, Sei is maintaining a constructive range above a significant demand zone where buyers have absorbed sell-side liquidity, according to analyst Sjuul. Sjuul suggests that a break above a higher resistance level would confirm a new upward movement and potential expansion wave. Concurrently, the asset is showing a TD sequential buy signal on the 4-day chart, observed by analyst Ali, which typically suggests a market reversal after a downtrend, indicating sellers are becoming exhausted near the $0.19 price point. If Sei holds above $0.19, this bullish technical signal could project a move toward resistance levels at $0.25 and potentially $0.31. However, the current price hovers near critical support at $0.18, with a dip toward $0.16 possible if selling pressure increases.

(Source：Brave New Coin)