Sei Crypto Eyes Breakout at $0.29 as Technicals and Data Align

Sei token is gaining attention as trading patterns tighten around key levels, with momentum building steadily across platforms. A recent analysis highlights a wedge structure compressing for months, now pressing the upper boundary, suggesting a potential breakout. Fibonacci retracement targets point to $0.50 and $1.20, with gradual pressure in candles indicating stored energy for a decisive move.

Past retracements align with accumulation points, reinforcing trader confidence in a larger bullish structure. The token's firm hold above support strengthens the case for expansion. Market discussions echo this outlook, noting reduced selling fatigue after prolonged sideways trading. A catalyst could soon push momentum forward, with long green candles anticipated as the breakout nears.

BraveNewCoin data shows SEI trading at $0.29, up 3.94% in 24 hours, underscoring steady strength. The rhythm of consolidation phases and dip-buying behavior suggests a market poised for upward movement.