SEI Eyes $0.49 as Price Respects 10 Day SMA Inside Descending Channel

SEI holds a short term uptrend above $0.30, with the 10-day SMA acting as dynamic support amid tight consolidation.

Resistance at $0.38 and $0.49 poses a challenge, while a rebound from $0.29988 Fib support could extend bullish continuation.

RSI remains bullish at 58.97, but MACD shows weakening momentum, hinting at potential near term consolidation.

SEI is trading within a descending channel, holding a short term uptrend that started in early May 2025. Price has rallied from a low near $0.13 and reached highs around $0.38, before pulling back

One notable observation is how consistently SEI has respected the 10 day simple moving average (SMA), supporting the bullish setup. The SMA has acted as dynamic support through the move

SEI was trading at $0.3409 at the time of writing, with daily range $0.3369 - $0.3437, which shows tight consolidation. This suggests there could be either a deeper correction or breakout on future volume strength and trend confirmations.

Fibonacci Zones Show Heavy Supply Pressure

The larger descending channel continues to define SEI bearish macro pattern. The price failed to sustain above the 0.786 Fibonacci level at $0.38234, indicating short term weakness

SEI 3-day price chart, Source: Ali on X

After reaching that resistance, profit taking occurred, which forced a pullback. SEI is now retesting the 0.618 Fibonacci support at $0.29988. A rebound from this level could maintain the bullish continuation from the May lows.

The next major resistance is within the $0.43–$0.49 zone, including the 0.382 Fibonacci at $0.49922. This area forms a thick supply pattern, and previous attempts to break this region have seen strong rejection

However, holding above $0.30 may provide room for another upward push. Failure to do so could open downside toward the $0.23–$0.20 range, close to the 0.786 Fib at $0.20756.

RSI Holds Firm but MACD Shows Slight Weakness

RSI is at 58.97, remaining above the neutral 50 level. This suggests moderate bullish momentum, though it has cooled from a local high of 63.60. The RSI is within a good range, showing there is potential for upward movement without overbought conditions.

SEI/USDT 1-day price chart, Source: TradingView

The MACD histogram shows a mild bearish crossover. The MACD line is below the signal line with a negative histogram of -0.0046. This indicates diminishing momentum and points toward potential near term consolidation. Volume is at 14.82 million, but has slightly declined during the consolidation phase, hinting at cautious sentiment.

Short Term Range Holds

SEI is in a consolidation phase, with price forming a higher low outlook and trading within a tight range. Holding the $0.30–$0.32 support zone is important. A clear break above $0.35, followed by $0.38, could lead to a test of the $0.49 supply level. However, weakening MACD and declining volume pose short term risks of retracement.

Overall, SEI is respecting key moving averages and Fibonacci levels while trading within a bearish channel. Momentum indicators suggest consolidation, but the trend from May is intact above $0.30.

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