$SEI maintains critical support levels near $0.11 following recent bounce, with traders watching for potential breakout above 20-day moving average to confirm recovery momentum.
✨ SEI has found stability around the $0.11 mark after bouncing from recent lows, holding the same support zone that formed right after its initial listing. This level has proven resilient—sellers haven't managed to push prices significantly lower despite broader market weakness. The current consolidation suggests traders are waiting for a clearer directional signal before committing to larger positions.
✨ The technical picture shows SEI still trading beneath a declining 20-day moving average, which has capped upside attempts for weeks. While the bounce off support improves near-term conditions, momentum remains tentative. Price action hasn't yet reclaimed any meaningful resistance levels, keeping the recovery in question.
✨ If SEI breaks above its 20-day moving average, the first major target sits around $0.16—a zone that could trigger renewed buying interest. That breakout would mark a shift toward strength and potentially open the door for further gains. Until then, resistance overhead keeps liquidity trapped and price movements cautious.
✨ This setup highlights why moving average reclaims matter across the altcoin market right now. Holding long-term support while fighting to recover short-term trend indicators often determines whether a bounce turns into something bigger or fades back into consolidation. For SEI, breaking that 20-day MA could be the difference between extended sideways action and a genuine recovery push.
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