SEI Faces $0.32 Resistance as Buyers Attempt to Reverse Recent Declines
The post SEI Faces $0.32 Resistance as Buyers Attempt to Reverse Recent Declines appeared on BitcoinEthereumNews.com.
Market activity further supports bullish prospects. Analyst Marc Shawn Brown notes its daily trading volume of $200–$250 million nearly doubles the combined volumes of Internet Computer (ICP) and Kava (KAVA). SEI shows early signs of a rebound after a prolonged decline, supported by a confirmed TD Sequential buy signal and bullish RSI divergence, according to analyst Ali. Key Fibonacci resistance levels stand at $0.32 and $0.34, with a sustained move above $0.32 likely confirming a short-term reversal toward $0.34. This consistent lead highlights strong liquidity and investor confidence, positioning it as a dominant layer-1 blockchain and reinforcing its potential for continued price action and broader market influence. Technical Indicators Point to a Potential Rebound The token is attempting to recover after an extended decline that began earlier this month. Analyst Ali reported that the hourly chart has confirmed a TD Sequential buy signal, often regarded as a pattern that can end corrective phases. At the same time, the relative strength index (RSI) has shown a bullish divergence, where the price recorded lower lows but the oscillator set higher lows. This combination signals improving upward momentum. SEIUSDT Chart | Source:x Ali projects that if the support near $0.31 remains intact, it could start an upward move toward $0.34. The chart indicates key resistance at the Fibonacci retracement levels of 0.236 near $0.32 and 0.618 near $0.34. A clear break above these points may confirm a short-term trend change and strengthen buyer confidence. Until then, the price remains confined between the $0.31 support and the $0.32 resistance levels. Trading Volume Surpasses Comparable Layer-1 Projects Analyst Marc Shawn Brown observed a notable surge in the Network’s trading activity when compared with similar blockchain projects. Using data from CoinGecko and visualized by Artemis, Brown pointed out that its daily trading volume is nearly double…
Filed under: News - @ September 17, 2025 6:28 am