• SEI trades at $0.2966 after a 0.5% daily gain, consolidating inside a bullish triangle pattern.
• Strong support rests at $0.2845, a level holding price within the lower boundary of the formation.
• Resistance aligns at $0.2966, with a breakout potentially opening space toward the $0.3704 level.

Sei (SEI) is currently trading at $0.2966 after recording a 0.5% increase over the past 24 hours. The move places the token within a technical structure that has drawn attention in recent sessions. Market data shows that SEI has tested a broad bullish triangle, where price levels are compressing between support and resistance. This setup highlights the importance of the upcoming sessions as traders monitor the key thresholds shaping its short-term performance.

SEI Holds $0.2845 Support as Resistance at $0.2966 Limits Upside

The first area in focus remains the support level at $0.2845, which has provided a base for recent price action. This level has gained importance because it defines the lower boundary of the triangle pattern now developing. If support remains intact, the structure may continue to narrow while consolidating price action. 

Notably, buyers have so far managed to defend this zone, preventing deeper declines into lower ranges. While support has shown stability, the nearest resistance coincides with the current market price at $0.2966. This resistance caps immediate upside movement and outlines the next challenge for buyers attempting to extend gains. 

A successful breakout above this level could open the way toward higher resistance around $0.3704, as suggested by chart structures. Until resistance is cleared, however, price remains confined within the triangle boundaries.

Technical Structure Highlights Narrowing Range

The broader chart outlook emphasizes a converging triangle where the trading range continues to tighten. Each swing has produced lower highs while maintaining support at the base, creating a well-defined formation. 

Nonetheless, this shrinking range indicates that the volatility may resume as soon as the market is tested on either side of the triangle. Determination of the direction of the market will thus rely on whether the price action will exceed above $0.2845 or above $0.2966.