SEI Bulls Charge: Can $0.315 Breakout Spark a Rally After Defending $0.265 Support?

SEI traders are playing a high-stakes game of ping-pong between key levels—and the bulls just landed a critical bounce.

After weathering a storm of sell pressure, SEI's price found firm footing at $0.265. Now, market watchers are eyeing a decisive move above $0.315 as the next battleground.

Technical chess match underway

The $0.265 support held like a seasoned bouncer turning away FUD-spreading troublemakers. With buyers now regrouping, the path to $0.315 appears clear—if liquidity conditions cooperate.

Exchange order books show stacked sell walls near the psychological resistance, suggesting some traders still haven't learned the 'buy high, sell higher' mantra of crypto's golden bull runs.

Make-or-break momentum

Watch for volume spikes on any retest of $0.315—a convincing breach could trigger algorithmic buying programs and ignite FOMO among retail traders who missed the bottom (again).

Of course, in crypto land, 'support' and 'resistance' are just suggestions until proven otherwise—much like traditional finance's 'risk models' during market crashes.

While some bearish pressure remains, recent chart activity suggests that bulls are beginning to regain short-term control. Market participants are now closely monitoring if SEI can reclaim its next resistance at $0.315.

SEI Price Rebounds Above Key Support Zone

The chart shared by analyst Lennaert Snyder reveals SEI’s attempt to hold the $0.265 support after a multi-day decline. This level has previously functioned as a high-volume demand zone, where downside moves have stalled and reversed.

Recent price behavior NEAR this area suggests ongoing accumulation, supported by consistent defense against selling pressure. If SEI maintains this base, it may signal a foundation for further upside.

Source: X

Snyder outlines two critical levels in his analysis. A reclaim of $0.315 WOULD mark a transition from a corrective structure to a bullish continuation setup. This zone previously capped bullish advances and remains a key level for momentum validation.

If this resistance is cleared, the chart projects a step-by-step MOVE toward the $0.345 and $0.420 levels. The analyst also notes that a failure to hold $0.265 could open a deeper test of $0.215, another major demand region that has supported past rallies.

24-Hour Chart Highlights Gradual Uptrend Formation

From August 3 to August 4, SEI’s 24-hour trading activity indicates a modest but consistent recovery. The session opened near $0.274 and advanced past $0.278 within hours, followed by a brief pullback.

A rounded base formed just above the initial support, reflecting early demand and reduced selling intensity. This pattern often signifies short-term accumulation by market participants positioning for a potential breakout.

Source: BraveNewCoin

The uptrend became more pronounced as Sei established higher lows and higher highs through the session. A key breakout above the $0.280 threshold occurred with steady trading volume, suggesting the move was supported by real participation rather than speculative surges.

The token peaked around $0.286 before retracing slightly, maintaining most of its gains. With volume exceeding $106 million and a market cap above $1.64 billion, SEI maintained a 24-hour gain of 3.69%, closing near $0.284.

Technical Indicators Reflect Cautious Optimism

SEI’s daily candlestick chart shows a bounce from recent lows, registering a 1.71% price increase to $0.2849. The candle displays a rejection of further downside, with buyers absorbing pressure near $0.2792.

However, the larger structure remains under the shadow of the July high at $0.3903. Until SEI breaks through key mid-level resistances, this movement may be viewed as a relief bounce rather than a confirmed reversal.

Source: TradingView

The MACD indicator shows that bearish momentum has not fully faded. The MACD line at -0.0042 remains below the signal line at 0.0056, producing a negative histogram of -0.0098. This setup implies that downward pressure still dominates, though the histogram’s flattening trend could hint at an early shift if buying volume increases.

Meanwhile, the RSI stands at 42.55, rising from oversold territory but still below the neutral 50 mark. The RSI-based moving average is higher at 50.22, signaling weakening prior momentum. A cross above the 50 threshold would strengthen the case for sustained bullish pressure. For now, SEI’s indicators suggest a cautious recovery, contingent on further price action above $0.290 to confirm trend reversal.