$SEI As the price currently approaches the 0.33 USD level, traders are monitoring the next target levels amid increasing trading volume and improving indicators.

The accumulation phase leads to a breakout towards Fibonacci targets.

According to the daily chart of the pair #SEIUSDT published by Ambitcoin, SEI completed several months of an accumulation phase, rebounding from the support area of 0.1325-0.1646 USD earlier this year. This area formed a value range during the consolidation period between March and June, where buyers began to build their positions. Since then, the price movement has formed a series of higher lows, now settling above the 0.27 USD level in what appears to be a bullish continuation pattern.

Ambitcoin's analysis identifies two bullish targets based on Fibonacci extensions and previous structural resistance areas. The first target is at 0.4644 USD, while a longer movement may see the price reach 0.6419 USD, representing an estimated increase of 102% from the current trading level.

This bullish outlook remains as long as the share $SEI maintains its position.

on support above 0.2453 USD. A drop below the structure invalidation level at 0.1115 USD would negate these forecasts. Nevertheless, the price structure across time frames still confirms momentum, as the chart also indicates previous inverse head and shoulders patterns and wedge breakouts that support this trend.

The increase in trading volume confirms the breakout as the SEI share surpasses the 0.30 USD level.

The 24-hour price chart of the share $SEI reflects a sharp increase in bullish participation. After hours of stability near the 0.26-0.27 USD range, the SEI share surpassed the 0.30 USD level on July 10 with significant momentum. As of July 11, the price rose by 16.95% to trade at approximately 0.31 USD. This rise comes after a period of quiet volatility, indicating renewed market interest alongside recent technical patterns.

The trading volume during the same period reached 412.82 million USD, confirming the strength of this breakout. This increase in volume began during the highest price acceleration and continued during the price consolidation above 0.30 USD. The market capitalization currently stands at 1.69 billion USD, placing SEI in a stronger position within the Layer-1 environment.

The breakout area between 0.29 and 0.31 USD now serves as a support level, and stability in this area may allow SEI to test the range of 0.35-0.37 USD in the near term. A drop below 0.27 USD could lead to a short-term price consolidation before continuing to rise.

Indicators on TradingView suggest sustained momentum.

The daily chart from TradingView shows SEI trading at 0.3279 USD, marking a 7.33% increase during the day. The price moved above the upper Bollinger Band at 0.3273 USD, which is typically viewed as a signal of excessive bullish extension, but also confirms strong trend momentum. This rise started from the Bollinger Band near 0.2740 USD, which served as dynamic support during the previous consolidation period.

The MACD indicator reinforces the bullish trend. The MACD line has crossed above the signal line, with both values remaining in the positive zone. The vertical histogram is increasing, indicating that momentum is gaining strength.

If current levels hold, the SEI indicator may re-test its previous local high at 0.3607 USD, and may extend towards its medium-term targets at 0.4644 USD and above. Maintaining price movement above the 0.2740 USD level will help preserve the trend structure, supporting continued rises in the upcoming sessions. #USCryptoWeek #TradingStrategyMistakes #ArbitrageTradingStrategy #BTCBreaksATH