The cryptocurrency market's recent volatility has spotlighted SeiSEI-- (SEI), a layer-1 token showing signs of a potential bullish reversal. After trading near critical support levels earlier this year, SEI has rebounded to $0.3280, forming a falling wedge pattern on its weekly chart-a classic technical indicator often preceding upward breakouts . Analysts suggest that if SEI decisively breaches the wedge's resistance near $0.2901, it could target $1.26, based on measured move projections .
Recent price action underscores growing optimism. Over the past week, SEI gained 7%, reclaiming key psychological thresholds. On the daily chart, the token is testing the 0.618 Fibonacci retracement level at $0.2901, a critical area for confirming a bullish trend . Derivatives data adds nuance: Open Interest (OI) has declined 3.47% to $240.28 million, signaling a potential reset in leveraged positions, while the OI-weighted funding rate remains neutral at 0.0057% . This suggests market participants are cautiously positioning for a directional move rather than speculative frenzy.
Technical analysts highlight multiple resistance levels as pivotal for SEI's near-term trajectory. A breakout above $0.2901 could trigger a sequence targeting $0.34-a 16% rally from current levels-aligning with historical wedge-pattern follow-through . Further gains might extend to $0.395, a level last seen in July 2025, with some models projecting a potential $0.65 target if momentum persists . Conversely, failure to hold above $0.2740 could re-ignite bearish pressure, dragging the price toward $0.2680 .
Fundamental catalysts are also fueling bullish sentiment. The Sei Network recently integrated ChainlinkLINK-- Data Streams, enhancing its oracle infrastructure and enabling real-time financial data for decentralized applications . This upgrade, coupled with a 62% surge in active users and a Total Value Locked (TVL) increase to $580 million, underscores growing ecosystem adoption . Analysts at XT.com note that such on-chain activity often precedes price alignment with fundamentals, creating a "divergence opportunity" for SEI .
Broader market dynamics add context. As BitcoinBTC-- and EthereumETH-- stabilize ahead of anticipated U.S. Federal Reserve rate cuts, mid-cap altcoins like SEI are attracting speculative capital. A recent analysis by Cryptodaily.co.uk highlights SEI's breakout from a multi-month downtrend, with potential targets at $0.36 and $0.39-levels that, if cleared, would invalidate the long-standing bearish structure . However, traders are advised to monitor volume trends: Sustained buying pressure above $0.30 is critical to validate the wedge's breakout.
Source: [1] Is Sei (SEI) Poised for a Bullish Breakout? Key Pattern Formation ... (https://www.gate.com/news/detail/13663647)
[2] SEI breaks out of falling wedge: is a major shift underway? (https://cryptonews.net/news/analytics/30917572)
[3] SEI Technical Outlook: Wedge Pattern Signals Breakout Toward ... (https://www.xt.com/en/blog/post/sei-technical-outlook-wedge-pattern-signals-breakout-toward-0-34)
[4] SEI token eyes $0.34 breakout amid falling wedge pattern (https://btcread.com/analysis/sei-token-eyes-0-34-breakout-amid-falling-wedge-pattern/)
[11] SEI Price Could Hit $0.65 Amid Support Above This Moving Average (https://themarketperiodical.com/2025/09/10/sei-price-could-hit-0-65-amid-support-above-this-moving-average/)
[12] Sei eyes $0.35 on Chainlink integration; Check forecast (https://invezz.com/news/2025/09/11/sei-eyes-0-35-on-chainlink-integration-check-forecast/)
[13] SEI Chart Breakout: Key Levels and Indicators You Need to Watch ... (https://www.okx.com/learn/sei-chart-breakout-key-levels-indicators)
[14] SolanaSOL-- (SOL), AvalancheAVAX-- (AVAX), and Sei (SEI) Hit Breakout ... (https://cryptodaily.co.uk/2025/09/solana-sol-avalanche-avax-and-sei-sei-hit-breakout-zones-price-analysis)
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