SEI Nears $0.32 Breakout Threshold Amid 7.41% Daily Gains and Bullish On-Chain Signs

SEI, the native token of the Sei blockchain, has been consolidating near $0.32, a critical technical level where tightening price ranges and accumulation patterns suggest an impending breakout [1]. Analysts and market observers have noted a descending trendline that has acted as a ceiling since the beginning of 2024, with each pullback becoming increasingly shallow and volume showing steady accumulation [1]. This formation, commonly referred to as "coiling," is often seen as a precursor to a significant upward move.

The price currently sits near $0.3429, reflecting a 7.41% gain over the past 24 hours and a 6.47% rise in the last week [1]. A breakout above the descending trendline could trigger a sharp rise in momentum, with immediate price targets set at $0.72, $1.32, and ultimately $1.50 [1]. These levels are considered key resistance points and psychological milestones that may dictate the trajectory of the token’s next phase of movement.

According to Sei Intern (Unofficial), the token is building momentum and forming the conditions necessary for a breakout [1]. The analyst described the situation as one where “charts are lining up,” and a move above $0.32 appears “inevitable.” The suggestion is that once the price confirms above the downtrend line, upward movement could accelerate rapidly with limited warning before further expansion.

From a technical perspective, $0.72 is seen as the first major test for bulls. A successful break above this level would likely see profit-taking near-term, but maintaining control beyond it could open the path to $1.32. The $1.32 zone carries both technical and psychological significance, as it marks an area where traders may reassess their positions [1]. A further push beyond this level could then lead to the $1.50 target.

Longer-term projections from the same source suggest that if cycle dynamics align, the price could extend into the $15–$20 range [1]. While such estimates remain speculative, they draw parallels to historical altcoin cycles where extended growth followed periods of accumulation.

On-chain activity also supports the bullish narrative. According to crypto analyst Rand, Sei’s network growth is accelerating, with all-time highs in daily new wallets, transactions, and active addresses [1]. Active contracts are also rising, reflecting growing application participation across the chain. Furthermore, Total Value Locked (TVL) on the Sei network is within 6% of its previous all-time high, signaling continued capital inflow into the ecosystem [1].

The convergence of strong technical patterns and increasing on-chain fundamentals suggests that SEI is positioned at a pivotal moment. If the price can confirm a breakout above the critical $0.32 level and maintain upward momentum, it could trigger a wave of buying interest and renewed optimism in the market.

---

Source: [1] SEI Coils at $0.32 as Chart Patterns Signal Breakout Toward $1.50 (https://cryptofrontnews.com/sei-coils-at-0-32-as-chart-patterns-signal-breakout-toward-1-50/)