. Analysts and traders are currently focusing on whether this breakout will turn into a sustainable bullish movement.
📊 Technical analysis: Breakout of the 20-day moving average
The central technical point being discussed by analysts is SEI's ability to break through and stabilize above the 20-day moving average. This indicator is considered a key barrier for many altcoins currently, and SEI's success in surpassing it is a strong technical signal of a momentum shift from bearish to bullish.
· Current situation: SEI's price has bounced from the post-listing lows that form a key support level. Staying above this support increases the chances of a successful breakout.
· Requirements for continued rise: The price needs more buying momentum and strong trading volume to confirm the breakout above the moving average and turn it into a real bullish movement.
· First target in case of success: If the price can decisively break through the 20-day moving average barrier, the first technical target the market is looking at is at the level of $0.16.
⚖️ Overall scene and future prospects
The structure of SEI's price movement resembles many other altcoins that are trading in sideways (accumulation) ranges, meaning the entire market is waiting for a decisive moment to determine its next direction.
· Bullish scenario: SEI's success in leading the breakout movement may encourage broader optimism in the altcoin sector, potentially triggering simultaneous bullish movements.
· Bearish scenario: Failure of the price to maintain momentum above the resistance level, and its inability to provide sufficient support, may lead to a deeper correction and a return to trading within the consolidation range.
💎 Summary
· Fundamentals: The future price of SEI depends on a key technical factor, which is the breakout of the 20-day moving average.
· Future: Achieving this breakout strongly will open the way to target the level of $0.16 and may give a boost to the altcoin sector. Meanwhile, failure to do so will indicate that buying momentum is still weak and that the price needs more accumulation.
