SEI Consolidates Within Falling Wedge as Analyst Predicts $3 Bull Run Target
The post SEI Consolidates Within Falling Wedge as Analyst Predicts $3 Bull Run Target appeared on BitcoinEthereumNews.com.
In a recent X post, analyst Bitcoinsensus highlighted a bullish setup forming for SEI, noting that the token has been consolidating within a falling wedge pattern. At the time of the analysis, the asset’s weekly chart reflected a gradual tightening of price action, a structure often associated with accumulation phases preceding strong breakouts. The setup mirrors a potential macro bull flag, indicating that the coin could be nearing the final stage of its corrective phase before a significant upside move begins. Bullish Structure Developing for SEI According to the analyst, SEI’s technical formation shows two key breakout zones, Breakout 1 and Breakout 2, which, once validated, could trigger a substantial upward rally. The analyst emphasized that the token remains fundamentally strong but technically undervalued, suggesting that while short-term consolidation may persist, the long-term trajectory favors a bullish continuation. This perspective aligns with a broader market expectation that the asset could experience a breakout once resistance levels are cleared, paving the way for a potential rally toward the $3 mark. Source: X The pattern observed also resembles previous pre-rally structures across altcoins, where compression within wedge formations has historically preceded explosive breakouts. If the crypto manages to reclaim the mid-range resistance and establish higher lows, momentum indicators could confirm the beginning of a sustained bullish leg. Market Metrics Indicate Stabilization Phase On the other hand, Sei is trading at $0.19, reflecting a 2.15% increase over the past 24 hours. The token holds a market capitalization of $1.21 billion with a daily trading volume of $163.31 million, ranking it 100th globally. With an available supply of 6.24 billion tokens, the market shows stable liquidity despite recent corrections. Source: BraveNewCoin This steady performance amid a cooling market underscores resilience, with the coin maintaining a consistent presence among top-performing Layer 1 protocols. Its high-performance…
Filed under: News - @ October 18, 2025 10:24 pm