• SEI maintains stability amid mixed market conditions.
• Weekly gain of 3.94% reflects steady investor confidence.
• Price structure indicates strong support near $0.27.
• Bullish community sentiment points to a positive outlook.

SEI is showing notable resilience as it continues to follow a positive price trajectory despite overall uncertainty in the broader crypto market. Over the past 24 hours, the token has remained largely stable, reflecting steady interest among traders. Looking at the weekly performance, SEI has recorded a 3.94% increase, signaling renewed confidence in the project’s fundamentals.

At the time of writing, the token is trading at $0.2898 with a market capitalization of $1.77 billion. The 24-hour trading volume stands at $169.21 million, indicating healthy participation and liquidity in the market. This steady activity reinforces the idea that SEI has managed to attract consistent attention even when broader market movements remain volatile.

SEI Technical Outlook Suggests Gradual Accumulation Phase

Technical readings show that SEI is currently hovering near $0.2893, consolidating close to the lower end of its recent range. Over the past few months, SEI’s chart has shown alternating swings, with sharp upward rallies followed by quick pullbacks. This pattern points toward a market in transition, where participants are accumulating positions in anticipation of a stronger move.

The $0.2733 level has consistently served as a critical support, tested multiple times without a decisive breakdown. Holding above this range suggests that buyers continue to dominate the lower levels. If SEI maintains its footing here, the next resistance to watch is near $0.35, a level that has historically capped upward momentum.

A definitive move above $0.35 would pave the way for the larger bull target in the $0.44-$0.4470 area. This move would represent a possible 54% increase from current prices, although confirmation with volume would be needed for such a breakout confirmation. The short-term perspective is optimistically cautious, with speculators keeping an eye on whether the token is able to develop foundation for another move up.

Community Confidence Strengthens Bullish Sentiment

The chart reflects sentiment from the public with 96.7K votes. In total responses, 84% of respondents are bullish on their participation. This also means that there is a vast majority who predict prices will increase with optimism in the current trend in the market.

Conversely, 16% of respondents expressed a bearish attitude. This minority represents a safe-haven perspective, with individuals assuming that prices would decrease. Despite this minority, the bullish attitude is an indication of the dominant confidence in a vast majority of users.

Also Read: Sei (SEI) Price Prediction: Chart Pattern Signals an Imminent Breakout to $1.15