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- SEI forms a bullish CHOCH near $0.1602 support.
- Consolidation between $0.1602–$0.1683 suggests a possible breakout.
- Gains against BTC show strong cross-pair demand.
SEI is trading at $0.1604, marking a 3.8% decline over the past 24 hours. Despite the short-term slump, recent chart patterns reveal a Change of Character (CHOCH), signaling potential bullish momentum after a period of downward pressure. Analysts suggest the support around $0.1602 is attracting buyers and could act as a springboard for recovery.
Structural Reversal and Price Behavior
On the hourly chart, SEI has broken its previous lower-high sequence, forming a new structural base. Multiple swinging lows near the support zone indicate stabilization following prior selling pressure. The emergence of a bullish CHOCH confirms a shift in market sentiment, separating the latest upward moves from the preceding bearish trend. Traders view this pattern as a signal that short-term momentum may be shifting.
Accumulation Zone Forms Ahead of Resistance
The token shows early signs of an accumulation pattern below the $0.1683 resistance level. Narrow price swings between $0.1602 and $0.1683 suggest a consolidation phase, often preceding a decisive breakout. Higher lows in the support area point to growing market participation from buyers, while the upper resistance marks a critical zone for price reactions in the near term.
Also Read: Sei Network ($SEI) Price Alert: $0.19 Support Could Trigger $0.24 Rally
Market Context and Cross-Pair Strength
While SEI has slightly declined against Tether, it is trading at approximately 0.051573 BTC, posting a 1.9% gain against Bitcoin. This indicates healthy cross-pair demand and suggests that investor interest remains robust. Market participants are watching support levels closely to gauge whether the bullish CHOCH can sustain a broader recovery.
SEI is navigating a critical phase. The recent structural reversal and support activity hint at potential upward momentum, even amid minor short-term pullbacks. Traders will be monitoring the $0.1602–$0.1683 range for signals of a decisive breakout.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
