Following a strong breakout from a bullish formation, SEI is striving to reclaim a critical price level to sustain its upward momentum. Market analysts are increasingly optimistic that the cryptocurrency is gearing up for a substantial rally toward the $0.50 resistance mark.
Amid a recovering crypto market, SEI has surged impressively from its local lows, breaking through several important levels. After a steep 16% drop, SEI staged an almost 100% rally earlier this week, showcasing strong resilience.
Last week, SEI retested the key $0.15 support level—unseen since early April—before rebounding sharply over the weekend to reclaim the $0.20 zone. Early in the week, the altcoin surged nearly 70%, trading between $0.24 and $0.29, and has been attempting to break above the $0.30 resistance as of Friday morning.
Highlighting SEI’s recent performance, analyst Sjuul from AltCryptoGems dubbed it the “Bull of the Week,” attributing the surge to “record on-chain activity” that attracted new investors and whales alike, fueling the token’s breakout.
SEI’s strong weekly gain of 43% puts it ahead of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), making it the top performer among the top 100 coins.
Crypto analyst Crypto Raven commented that SEI “has done a great job breaking out while the market looks fresh,” and suggested a potential rally of another 70%. “If the market supports further, we could very well see SEI hit $0.50—back to its glory days,” the analyst added. However, a short consolidation around current levels may occur before the next leg up, targeting Q4 2024 prices.
Technical analyst Nebraskangooner identified a four-month inverse Head and Shoulders (H&S) pattern on SEI’s chart, confirmed by the recent breakout above the neckline. The price action on Wednesday marked this breakout, signaling bullish momentum.
The analyst noted that a retracement to key support levels would be a healthy retest. SEI recently tested the neckline around the $0.27 area and must hold above this level to maintain bullish continuation. Despite closing near $0.25 on Thursday, the price has generally respected this support zone.
Further validating SEI’s outlook, analyst Michaël van de Poppe pointed to a “massive” bullish divergence on SEI’s Bitcoin trading pair, indicating a potential price reversal. Based on this technical setup, he predicted investors could see SEI reach 300+ sats in the near term.
Conclusion:
SEI’s strong breakout and solid technical structure have positioned it as a leading altcoin amid a recovering market. Maintaining the $0.28 level is critical for sustaining momentum, with analysts forecasting further upside toward $0.50 and beyond. Investors will be watching closely for continued on-chain activity and price action to confirm this promising rally.
June 2025, Cryptoniteuae