SEI Token Surges 39% Amid Bullish Market Sentiment
The sei token is currently trading near $0.261, having experienced a significant rally that propelled it from a key accumulation zone around $0.195 to a local high of $0.274. This surge was driven by a breakout from a descending trendline that had limited upward movement since late April. The rally was supported by increasing volume and several "Buy" signals on the 4-hour chart, indicating a shift in market sentiment towards bullishness.
Following its peak near $0.274, the SEI price has experienced a minor retracement on the intraday timeframe. Despite the overall upward trend, traders are questioning the recent downward movement after such an aggressive rally. This can be attributed to short-term profit-taking and an overbought momentum profile.
Examining the 4-hour and daily charts, SEI’s previous resistance around $0.249–$0.251 is now acting as immediate support. This area aligns with the breakout zone and is reinforced by trendline convergence and minor consolidation structures. If the SEI price can maintain above this zone, it may attempt another test of $0.274, with potential upside targets at $0.295 and $0.312, in line with prior swing highs from early February.
On the downside, if sellers gain control, the next key support is at $0.242, aligned with the 20-EMA and upper Bollinger Band midline, followed by a stronger support floor at $0.225. A break below $0.225 could lead to deeper pullbacks toward $0.210 and even $0.195—the original breakout base.
On the momentum side, the RSI on the 30-minute chart has dropped to 44, down from the overbought 70+ zone seen earlier this week. This indicates a shift from bullish strength to a consolidation or short-term correction phase. The MACD histogram has also turned negative, with the signal line crossing above the MACD line, often an early warning of a pullback.
Ask Aime: What's the outlook for SEI's next move after a rally?
The Bollinger Bands on the 4-hour chart are beginning to contract slightly after stretching during the spike, reflecting decreasing SEI price volatility. The price is still holding within the upper range, but any sharp breach of the median band could invite more selling pressure.
Given the current setup, the SEI chart structure remains technically bullish, but near-term consolidation is likely. A higher low above $0.249 would preserve bullish momentum. On the other hand, failure to hold $0.242 or a breakdown below $0.225 would neutralize the current bias and turn the focus toward previous accumulation zones.
The market’s response in the $0.249–$0.251 zone will be critical in deciding what to expect from the SEI price prediction for May 12. Traders should watch for continuation candles, EMA support holds, and MACD crossover signals before reloading bullish positions.
