SEI Surges 10% From July Lows, Eyes $0.3391 Resistance

SEI, a prominent digital asset, has recently demonstrated a robust bullish trend, trading above the critical support level of $0.3117. This support base has been instrumental in establishing a short-term bullish formation, following a rebound from July lows. The asset's current price action suggests a potential breakout toward the next resistance level at $0.3391, with further targets identified at $0.3521, $0.4715, and $0.9407, contingent on sustained volume and momentum.

SEI/USDT has successfully reclaimed a crucial support zone, maintaining upward momentum after a sharp reversal in July. Currently priced at $0.327, SEI is down 0.3% on the day but remains above the $0.3117 support level. This zone aligns with a historical accumulation range between $0.26 and $0.27, indicating strong buyer interest and potential for further price expansion if the breakout is sustained. The daily structure reflects strong participation, with price recently approaching resistance near $0.3391 but failing to extend further.

SEI’s recent move beyond the $0.27 threshold signifies a return to higher trading activity. The asset had previously consolidated within the $0.26 to $0.27 range, forming a multi-week base. Buyers reacted strongly near this zone, triggering a break above several recent swing highs and shifting momentum upward. The $0.3117 support is now crucial for maintaining price stability and could serve as a launching pad toward higher resistance levels if defended.

As SEI continues to trade above support, multiple resistance layers remain in focus. The nearest resistance is at $0.3391, with higher zones at $0.3521 and $0.4715. These levels have previously marked reaction points during past rallies. The broader structure also highlights key levels at $0.5936, $0.7025, and $0.9407, with the latter representing a long-term high. Price movement must remain orderly and supported by volume to test these targets.

The recent bullish push relies heavily on the maintenance of higher lows. SEI’s structure remains constructive as long as $0.3117 holds. The token has shown increased volume during upward sessions, suggesting traders are active at current levels. However, downside pressure may emerge if price revisits the accumulation range. For now, focus remains on whether SEI can reclaim the $0.3391 mark and extend the breakout sequence toward higher objectives.