SEI Surges Past $0.32: Bulls Gearing Up for Explosive Multi-Wave Rally

SEI defies gravity—again—as buyers pile in, pushing the price above $0.32. Here's why traders are betting on a sustained rally.

The Setup:
After a brief dip, SEI's rebound signals strong accumulation. Technicals suggest this isn't just a dead cat bounce—it's fuel for the next leg up.

The Play:
Bulls are eyeing a multi-wave structure, with liquidity pools above $0.35 looking ripe for the taking. (Because what’s crypto without a little leverage-induced FOMO?)

The Catch:
Short-term euphoria could face resistance from profit-takers. But hey—since when has rationality stopped a good crypto pump?

Active traders are stacking bids, while long-term holders smirk at the volatility. Classic.

This MOVE follows a period of consolidation and comes amid bullish projections from market analysts. Price action indicates the potential for an extended rally if current momentum holds. The setup suggests a possible continuation toward higher resistance levels in the coming weeks.

SEI Analyst Projects Multi-Wave Upside Pattern

In a recent X post, analyst Ryuzaki SEI pointed to the asset’s potential for a substantial move, drawing parallels with Ethereum’s price behavior. The chart shared depicts a sequence of “pump” phases followed by consolidation, with the latest rally starting from a $0.26 support base. The structure outlines three projected upward waves, with the first already underway.

Source: X

Historical support levels at $0.20 and $0.13 remain key reference points for traders monitoring downside risk. Current positioning above $0.32 is seen as a staging area for a possible push toward $0.50 and beyond in later stages of the projected wave sequence. Sustained buying activity will be essential to maintaining the pace required for this upward structure.

The projection reflects repeated accumulation phases followed by impulsive price advances. If the pattern continues, the cryptocurrency could progress through successive resistance zones, benefiting from broader market strength and renewed investor participation.

Market Performance and Trading Conditions

Additionally, BraveNewCoin data places the price at $0.3221, reflecting a 4.48% gain over the last 24 hours. The market capitalization is approximately $1.86 billion, ranking it 72nd among digital assets. Daily trading volume reached about $143.99 million, with a circulating supply of roughly 5.78 billion tokens, indicating strong liquidity for active trading.

Source: BraveNewCoin

Price action in the past 24 hours shows a steady advance from $0.305 to above $0.325 before settling NEAR current levels. The strongest buying pressure occurred during early trading hours, with volume peaking alongside upward movement. The absence of sharp declines during the rally indicates controlled accumulation rather than short-term speculative surges.

This measured price growth supports the development of a more stable trend. Maintaining consistent liquidity and sustained participation could help the asset gradually approach higher resistance areas without triggering sudden reversals.

Technical Indicators Signal Continued Recovery

At the time of writing, according to TradingView, Sei is trading at $0.3238, representing a 3.19% daily gain. The daily chart shows price action holding above the Bollinger Bands’ midline at $0.3143, a sign of strengthening momentum.

The upper band is positioned at $0.3616 as the next resistance level, while the lower band at $0.2670 remains distant. The Relative Strength Index (RSI) is at 55.43, moving toward the bullish side of neutral.

Source: TradingView

Recent candlestick formations show a rebound from late July’s downturn, with the asset reclaiming levels above the 20-day moving average. A daily close above $0.33 could open the path toward a retest of the $0.39 peak reached in July. The moderate but consistent increase in volume aligns with the current upward trend, suggesting that buying pressure remains intact.

If Sei Price sustains its position above the midline, the market could aim for the upper Bollinger Band in the short term. Conversely, a drop below this level might lead to another consolidation phase before the next upward attempt.