SEI Dips 3.1% as 10-Day SMA at $0.34 Constrains Price Amid $0.3486 Resistance

SEI remains confined within a descending channel on the 3-day chart, with its price hovering near $0.3408 amid a 3.1% decline over the past seven days. Technical indicators highlight the 10-day simple moving average (SMA) at $0.34 as a critical reference point, with price action consistently reacting to this level. The asset’s movement is currently bounded by support at $0.329 and resistance at $0.3486, reflecting the downward trend established since early 2024 [1].

The 10-day SMA has emerged as a dynamic support/resistance zone, influencing intraday trading decisions. Market participants have shown strong responses to price attempts to breach or retreat below this level, reinforcing its significance in shaping short-term momentum. Steady trading volume further underscores the SMA’s role as a focal point for traders assessing directional bias [1].

Recent price structure suggests SEI is respecting the upper and lower bounds of the descending channel, with the asset approaching the midpoint after testing support at $0.329. Analysts note that a sustained breakout above $0.3486 could trigger bullish momentum, potentially propelling the price toward $0.49—a retracement level observed on higher time frames. However, the downward channel remains a structural constraint, requiring sustained strength to challenge this target [1].

Twitter user @ali_charts highlights the 10-day SMA’s consistency in guiding price behavior, emphasizing its potential as a predictor of continuation. “Should the pair sustain a breakout over $0.3486, a bullish momentum may be created leading to a possible $0.49 target,” the analysis states, aligning with broader technical assessments [2].

Upside resistance at $0.3486 remains a key battleground for short-term traders, with the 10-day SMA serving as a trend confirmation tool. A confirmed move above this level could shift focus toward higher resistance, but such a scenario hinges on overcoming the downward channel’s containment [1].

While the current trajectory favors consolidation within the defined range, market watchers are closely monitoring volume and price reactions near critical levels. A decisive breakout would not only validate the $0.49 target but also signal a shift in market sentiment, though the channel’s integrity remains a formidable barrier [1].

Sources:

[1] https://cryptonewsland.com/sei-stalls-below-0-3486-as-descending-channel/

[2] Twitter post by @ali_charts (July 27, 2025)