Analysts on X view the current price range as a defining point for SEI’s medium-term trajectory, with market participants closely monitoring for confirmation of a base formation. Recent chart activity reflects tightening price action and fading bearish momentum, suggesting the token could be preparing for a rebound if key supports remain intact.
### Price Holds $0.15 Support as Analyst Highlights Key Inflection Zone
In an X post, analyst Sjuul from AltCryptoGems noted that SEI is testing its long-term ascending trendline on the weekly chart at a level that has consistently acted as a strong demand zone. Currently trading near $0.15, SEI appears to be defending this area, which historically has triggered notable upward reactions.
Sjuul emphasized that each prior touch of this support has led to a sustained recovery, underlining its importance in maintaining the broader bullish structure. However, the recent steep decline could represent an accumulation opportunity as the token revisits undervalued levels. If buyers continue to defend the $0.15 region, Sjuul suggested it could evolve into a “generational buy zone,” setting the stage for a potential long-term recovery.
A confirmed bounce here could drive SEI toward $0.30, with an extended target near the $1 psychological level if bullish momentum strengthens.
### Market Data Shows Early Signs of Stabilization
According to BraveNewCoin, SEI is currently priced around $0.20, up 3.09% over the past 24 hours, with a market capitalization of $1.25 billion and 24-hour trading volume exceeding $91 million. This recovery marks an improvement in sentiment following several weeks of subdued trading.
The token holds a circulating supply of 6.24 billion tokens, ranking it among the top 100 cryptocurrencies by market cap. The proximity of the price to the $0.15–$0.20 support range underscores the importance of this zone as both a technical and psychological pivot.
Sustained stability above $0.19 could attract further accumulation, reinforcing confidence in the coin’s long-term trajectory.
### Price Consolidates as RSI Signals Waning Selling Pressure
At the time of writing, SEI/USDT was trading at $0.197, showing a marginal decline of 0.96% on the day, according to TradingView data. The daily chart shows the coin consolidating near the lower Bollinger Band, signaling reduced volatility after an extended downtrend.
The Bollinger baseline (20-day SMA) sits near $0.2026, serving as immediate resistance to watch for potential breakout confirmation. Meanwhile, the lower band support at $0.1758 aligns with the broader structural base identified by analysts.
The Relative Strength Index (RSI) currently reads 38.65, reflecting oversold conditions and hinting at early recovery potential. Historically, RSI readings below 40 for SEI have preceded short-term rebounds, often coinciding with renewed volume inflows. If the RSI crosses above its moving average near 34.81, it would confirm a strengthening bullish shift.
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