SEI Price Tests Crucial Support While Analysts Predict Bullish Turn
SEI is testing critical support between $0.15–$0.18, with analysts predicting a potential bullish reversal from this accumulation zone.Summary
The Sei (SEI) cryptocurrency is currently testing a crucial support zone between $0.15 and $0.18, a level that previously initiated a major recovery. Analyst Michaël van de Poppe suggests this structure mirrors an earlier accumulation setup, viewing the current low interest as an attractive buying opportunity, projecting an upside target near $0.45.
Analyst Ali confirms this inflection point, noting SEI is trading within a descending channel and must defend the $0.15 level to avoid further decline toward $0.12. Holding $0.15 could lead to a rebound toward $0.27, corresponding to the 0.786 Fibonacci retracement.
In the short term, SEI experienced an 8.26% daily loss, closing near $0.175 amid cautious market sentiment. The coming sessions are decisive; a successful defense of the key support levels is necessary to confirm the anticipated bullish turn.
(Source：Brave New Coin)