Sei Approaches Critical Support With Traders Waiting for a Confirmed Turn

The cryptocurrency Sei is currently testing its critical weekly support level around $0.13, a price point that has historically triggered two significant rebounds. Despite this, the asset remains within a broad descending structure, controlled by a long-term resistance trendline near $0.22, which has rejected all major rallies since early 2024. The weekly Relative Strength Index (RSI) is near its historical base, aligning with previous stabilization points, but traders are cautious, demanding confirmation before assuming a new recovery phase.

For any significant upside to materialize, Sei must break and hold above the $0.22 trendline; a successful break could open the path toward $0.35 to $0.65 due to historically thin volume in that range. In the short term, Sei rebounded from a dip toward $0.131–$0.132 to reach $0.138, but selling pressure emerged, keeping the price range-bound. Traders are primarily focused on whether buyers can defend the $0.13 support or if the price will break the immediate resistance around $0.136–$0.138 without a decisive breakout above $0.22.

(Source：Brave New Coin)