Sei Coin Eyes Bullish Continuation as Falling Wedge Breakout Targets $1.15
The post Sei Coin Eyes Bullish Continuation as Falling Wedge Breakout Targets $1.15 appeared on BitcoinEthereumNews.com.
Sei Network is catching traders’ attention after breaking out of a long-term falling wedge pattern, a setup often associated with powerful bullish reversals. The move marks a key technical milestone for the Layer-1 blockchain, suggesting that momentum could be shifting in favor of buyers after months of compression and lower volatility. Breakout From Falling Wedge Sparks Reversal Hopes In a recent post on X, analyst Bitcoinsensus highlighted that the asset has officially broken out from a massive falling wedge on the weekly timeframe, a formation that typically signals trend exhaustion followed by a bullish reversal. After months of declining highs and consistent compression, SEI’s breakout through the upper trendline represents a major technical shift. Source: X The chart shared by the analyst illustrates a clean breakout followed by a pullback retest, where price briefly returned to the wedge resistance (now acting as support) before bouncing back upward. This behavior reinforces the validity of the pattern and strengthens the case for continued upside momentum. According to Bitcoinsensus, the next technical target sits around $1.15, suggesting significant upside potential if the token maintains its bullish structure. Market Data: SEI Faces Volatility as Price Pulls Back According to BraveNewCoin data, SEI is currently trading around $0.22, reflecting a sharp 21.7% decline over the past 24 hours. The correction follows several weeks of increased volatility as traders digested the breakout and adjusted to changing market dynamics. Despite the pullback, the coin’s market capitalization remains strong at $1.34 billion, supported by $487 million in daily volume, signaling that participation remains active even amid profit-taking. Source: BraveNewCoin This decline could represent a healthy technical retest rather than a full reversal, aligning with the classic post-breakout pullback behavior often seen in wedge formations. Analysts view this dip as part of the natural cycle of consolidation before continuation,…
Filed under: News - @ October 11, 2025 11:25 pm