• SEI shows bullish momentum, signaling renewed investor confidence and growing market interest.
• Sustaining above $0.30 could drive the token toward the $0.70 level, marking a key bullish continuation zone.
• Community sentiment remains highly positive, with 84% of voters expressing a bullish outlook.

SEI is showing a positive price trajectory, with a surge in its value. Over the past 24 hours, its price has risen by approximately 1.62%. Looking at the weekly performance, the token achieved a 2.64% gain, reflecting growing investor confidence and steady market interest in the token.

At the time of writing, SEI is trading at $0.2044. Its 24-hour trading volume reached $74.07 million, down 14.53% compared to the previous day. The market capitalization stands at $1.27 billion, indicating a gradual but steady growth amid fluctuating trading activity and broader market movements.

Source: CoinMarketCap

Also Read: SEI Price Eyes $0.30 as Laser Digital Boosts Tokenized Asset Growth

SEI Community Dominates With Strong Optimism

The community sentiment reveals that 84% of participants are bullish, reflecting strong optimism and confidence in the asset’s future performance. The majority believes the market is poised for upward momentum, signaling positive investor sentiment. This trend underscores growing enthusiasm and trust among community members.

Source: CoinMarketCap

In contrast, 16% of voters expressed a bearish outlook, anticipating a possible decline in the asset’s value. While this group is smaller, it represents a cautious segment of the community that remains wary of market volatility. Their perspective highlights the continued presence of skepticism despite overall bullish momentum.

SEI Shows Optimism and Set Sights on $0.70

According to crypto analyst @ali_charts, SEI’s consolidation pattern appears to be forming around the $0.18-$0.20 area as it experienced a strong correction from the high of $1.05. Crossing $0.30-$0.33 may trigger a positive reversal, as it corresponds with the 0.236 Fibonacci level. A break above this level may trigger increased buying pressures towards $0.45 and $0.58.

Source: @ali_charts

Breaking and sustaining above $0.58 may push the token towards the $0.70 level, the 0.618 Fibonacci level, and an important bullish target. But failure to sustain above $0.20 may see the $0.14-$0.16 area retested. In SEI’s price movement, it appears that a breakout above $0.30 may be the trigger to set off a strong upside rally.

SEI Technicals Hint at a Cooling Phase

The value of the RSI at the moment stands at 41.27. Since it is very low, it shows that SEI’s trend at the moment should be mildly bearish. The value of the RSI shows that it remains below 50. The downward movement of the trend of the RSI shows that buying power has been declining.

Source: TradingView

The MACD’s bearish signal appears as both the MACD line (-0.01138) and the signal line (-0.00354) being below each other. The red bars on the histogram indicate that it’s moving downwards. This supports the negative momentum that confirms SEI may face pressure in the short term.

Also Read: SEI Skyrockets 4.4%: Traders See Strong Upside Toward $0.74!