SEI trades near a stable support range as market activity flattens and traders review its developing structure.
Derivatives data stays calm with funding near neutral, showing reduced pressure and balanced positioning across exchanges.
SEI volume increases during the decline, while price steadies near $0.150 as traders monitor the short-term base.
SEI continues to move within a controlled range as traders watch its reaction near familiar support. The market shows early signs of stabilization, supported by balanced derivatives data and steady price behavior after a period of persistent pressure.
Pattern Structure Forms Near Key Support
SEI regained attention as price returned to the same support area established earlier in the year near $0.13–$0.14. That region produced a sharp rally into the summer peak around $0.32–$0.34. Price has now revisited the zone with a similar depth.
Ali (@ali_charts) noted that SEI may be shaping a double-bottom pattern if the current rebound continues. The structure shows two comparable lows separated by a midyear peak that now acts as the neckline. This symmetry formed the basis of his observation.
Source: ali_chart via X
The potential breakout level remains centered around the $0.32–$0.34 region. Ali pointed to a target near $0.70 by applying the measured move approach. That projection depends on a confirmed breakout with strong momentum rather than a brief test.
Derivatives Behavior Moves Toward Balanced Conditions
SEI derivatives data reflects a market adjusting toward neutral behavior. The funding rate spent long stretches slightly below zero through September and late October. Those periods matched steady downward pressure on price.
In early October, funding printed a sharp negative spike, suggesting a brief surge in short positioning. The market stabilized shortly after, but the move did not generate sustained upside as buying interest remained limited. That resulted in continued drift toward lower levels.
Recent funding readings remain close to neutral while open interest rotates across exchanges. Binance account-based ratios show a slight long bias, while OKX leans short. This difference reflects varied positioning, though overall pressure has cooled.
Short-Term Movement Shows Compression Near $0.150
SEI traded near $0.150 during the latest session, completing a steady intraday decline. Attempts to reclaim the $0.152–$0.154 range faced selling, confirming the presence of supply above recent highs. Volume increased more than 16%, showing active participation.
Price then settled into the $0.148–$0.150 area, where selling activity eased. The slope of the decline flattened, forming an early base that traders will watch for continuation or renewed weakness. A move above short-term resistance is needed to shift momentum.
Market commentary referenced new listings and broader ecosystem progress. These updates strengthened attention on SEI even as the near-term chart remained pressured. Traders continue to monitor the support zone for signs of a stronger reaction.
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