SEI Surges 17% in Week, Tests Key Resistance at $0.220

SEI has recently demonstrated a significant price movement, with a 17% jump in the past week, pushing from a low of $0.1582 to challenge major resistance. This surge has led to a higher low formation at $0.1582, indicating a potential trend reversal. The cryptocurrency is now testing the 21-week moving average (MA) at $0.220, a critical level that has previously rejected rallies since April 2024. The strength of this week’s green candle, the best since March, suggests that this test could be different, potentially signaling a shift in momentum back into the bulls’ hands.

SEI’s price structure has turned bullish, with buyers stepping in and the price now trading at $0.2065, firmly above its June lows. The cryptocurrency has broken its multi-month downtrend, and each bounce off $0.1400 has created higher lows, stacking structure beneath the price and reducing downside risk. The trajectory is currently up, and what matters next is follow-through.

The recent price action is not just a reaction but a formation. After breaking out from a falling wedge, SEI surged nearly 35% in five days. This move followed weeks of tight accumulation between $0.14 and $0.23, where volume began to increase steadily. The $0.2090 breakout now acts as a launchpad, and analysts believe that holding above it keeps SEI in bullish alignment. Short-term retracements could revisit $0.34, but momentum favors another leg up if trendline support remains intact.

Analysts tracking SEI’s behavior agree that the current price zone could serve as a long-term turning point. Volume is rising, lows are climbing, and major resistance is now being tested, not feared. If SEI clears the $0.300 neckline tied to the inverse head and shoulders pattern, it could open the door to $1.15 or more. The ultimate target from several models points to $2.01, but the price needs to be confirmed at each level step by step. Traders and analysts alike are now watching SEI with increased conviction and higher expectations.

Price targets between $1.15 and $2.01 have emerged if SEI clears $0.300 and holds support above $0.23 in the coming sessions. This potential upside is supported by the strong volume and the shift in price structure, indicating a possible trend reversal on the weekly timeframe. The cryptocurrency is no longer moving in the shadow of its downtrend, and the chart reflects a shift in confidence.