SEI Surges 20.59% in 24 Hours Amid Bullish Fractal Pattern

Sei (SEI) has recently captured the attention of traders and analysts due to a bullish fractal pattern that suggests a potential upside move. The cryptocurrency has exhibited signs of breaking out of a falling wedge pattern, a technical formation often associated with significant price movements. SEI's recent price action has reinforced this pattern, with the token currently trading around $0.96, marking a 20.59% gain in the past 24 hours.

The breakout was supported by a series of higher lows and rising momentum indicators. Analysts are now focusing on the $1.12 resistance level for confirmation of a further uptrend. The price has held above the ascending support and the 50-period moving average, indicating a strong bullish continuation setup. SEI has been respecting an ascending trendline since early May, with the price action bouncing near the $0.86 region. This trendline serves as a potential entry zone for traders, who are watching for further confirmation signals before entering long trades.

The recent price movement has shifted short-term sentiment, with traders now focusing on whether the $0.90 zone can act as a new support base to sustain continued upside momentum. The strong daily gains and increased volume in SEI's price action suggest continued interest from buyers. The market cap of SEI now exceeds $1.92 billion, positioning the token within the top 100 digital assets by capitalization. Traders are monitoring the $1.12 and $1.32 levels for continuation, with the $1.32 level standing as the next technical target should bullish momentum continue in the near term.

As SEI continues to hold above key support levels, the potential for a rally higher remains a focus for traders. The bullish fractal pattern and strong price action have reinforced confidence in the cryptocurrency's upside potential. Analysts and traders alike are watching for further confirmation of the uptrend. If this fractal continues to play out, SEI could be on track for another powerful breakout. A move toward the projected target of $0.66 — matching the previous fractal’s rally percentage — would represent more than 100% gains from current levels. However, confirmation is key. Traders will be looking for sustained volume and price strength above $0.35 to validate the bullish setup and momentum continuation.