Sei Price Rebounds from Key Support Signaling Start of New Bull Cycle
Sei's price is showing bullish momentum after rebounding from key support levels, suggesting the start of a new upward cycle.Summary
The Sei token is exhibiting renewed bullish momentum, rebounding from a long-term accumulation zone between $0.10 and $0.12, which has consistently attracted buyers since early 2024. Analysts note that the recent price action, including rising higher lows, mirrors the early stages of bullish cycles seen in other layer-one tokens. Currently trading near $0.18 after a 3.10% gain in 24 hours, SEI shows strengthening market activity with trading volume exceeding $118 million. Technical analysis by RedDog highlights a bullish divergence on the daily chart near the $0.15 support, signaling weakening selling pressure. If Sei clears the short-term resistance at $0.20, analysts project a move toward $0.286 and potentially $0.39, which would confirm the start of a new bullish phase.
(Source：Brave New Coin)