
Sei Price Rebounds from Key Support Signaling Start of New Bull Cycle
Sei Shows Renewed Bullish Momentum as Analysts Highlight Long-Term Accumulation Breakout and Bullish Divergence Near $0.15
The Sei Network’s native token is exhibiting a steady recovery, fueled by a strong foundation formed around the $0.10 to $0.12 price zone. This accumulation area, clearly visible on the daily chart, has consistently attracted buyer interest since early 2024, serving as a reliable launching pad for upward price movements whenever the token revisits this range.
### Established Accumulation Zone Between $0.10 – $0.12
Analysts from iWantCoinNews and RedDog point out that the token’s repeated respect for this support zone highlights a robust base that continues to draw long-term investors. Binance data shows SEI’s price structure featuring multiple accumulation phases accompanied by rising higher lows—an indication of growing market confidence.
The chart shared by analyst iWantCoinNews illustrates this pattern as part of what he calls “The Path to Retirement,” suggesting that SEI’s recent price actions could be mirroring the early stages of previous bullish cycles witnessed in other layer-one blockchain projects.
### Market Activity Reflects Strengthening Price Momentum
Over the past 24 hours, SEI recorded a gain of approximately 3.10%, trading near $0.18. The token’s market capitalization stands around $1.14 billion, with trading volume surpassing $118 million, demonstrating healthy liquidity and increased market activity across exchanges.
Price movements between $0.171 and $0.186 accompanied by volume levels above $121 million indicate heightened investor interest, especially within the $0.17 to $0.18 trading range. This support is forming a short-term base that helps stabilize the price as participants position themselves for a potential breakout above the $0.19 resistance level.
While gains remain moderate, SEI’s ability to maintain this upward trajectory reinforces its recovery momentum following weeks of consolidation.
### Technical Analysis Points to Bullish Reversal
Market analyst RedDog highlights a developing reversal pattern on SEI’s daily chart. Recently, the token bounced off the $0.15 support level after forming a bullish divergence with the Relative Strength Index (RSI). The divergence, coupled with increasing trading volume, strongly signals renewed accumulation.
At the time of the analysis, SEI was trading near $0.183, just shy of a short-term resistance at $0.20. RedDog’s projection indicates that overcoming this resistance could trigger a move toward $0.286, aligning with the descending trendline and the 200-day moving average.
A further advance toward $0.39 would confirm a “Break of Structure,” signifying the start of a new bullish phase. Moreover, the RSI reading near 43.7 reflects improving momentum from oversold conditions, consistent with other positive recovery indicators.
### Short-Term Price Levels to Watch
Currently, SEI is consolidating above $0.175, suggesting the token is stabilizing ahead of a potential upward continuation. Holding this level is crucial for building the base necessary to challenge the $0.19 and $0.20 resistance zones.
A confirmed breakout above $0.20 would indicate the potential beginning of a broader uptrend supported by renewed buying demand from traders and investors. Conversely, a dip below $0.17 might lead to temporary corrections as the market tests lower supports before resuming its upward path.
For now, the rebound from the $0.15–$0.17 support zone signals that SEI is in the early stages of a recovery cycle. With healthy trading volume and improving momentum, the token’s price action suggests a promising foundation for continued growth—provided current support levels hold strong.
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Stay tuned for further updates as Sei Network’s token navigates this pivotal phase toward sustained bullish momentum.
https://bitcoinethereumnews.com/tech/sei-price-rebounds-from-key-support-signaling-start-of-new-bull-cycle/
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