SEI has bounced above $0.29 support and now trades at $0.33 inside a descending pattern with controlled movement.
The 10-day SMA remains respected as price holds near $0.31 which could help push action closer to $0.49 soon.
A move above $0.49 would break the upper channel and confirm a mid-term shift from the current trend direction.
SEI is trading at $0.3313 inside a well-defined descending channel on the 3-day chart after bouncing from the lower trendline. The price recently respected the 10-day simple moving average (SMA), which may signal potential continuation toward the $0.49 resistance zone. This level aligns with the 0.382 Fibonacci retracement, marking a key point of confluence for short-term traders.
https://twitter.com/ali_charts/status/1949317823529955532
The structure, shown in a chart by analyst Ali on July 27, 2025, outlines SEI’s trend behavior through consistent lower highs and lows. SEI has formed multiple rejections along descending resistance and has respected both channel boundaries. The chart suggests that if the current structure holds, SEI may retest the shaded resistance zone near $0.49.
Channel Structure Maintains Technical Order
The chart indicates SEI has been trending downward within a descending channel since early 2024. Repeated reactions at both the upper and lower boundaries confirm the channel’s technical validity. Price has remained obedient to this structure, with several cycles of rejection and bounce playing out across 2024 and 2025.
Recent activity shows SEI recovering from the channel’s lower bound near $0.27, climbing past the 0.618 Fibonacci zone and reaching a high of $0.3346. Although currently below resistance, the bullish momentum remains intact if SEI continues to respect the mid-line and the 10-day SMA.
The breakout will only be validated if price closes above the upper channel boundary and the key $0.49 level. Until then, the pattern suggests a cautious but constructive trajectory for bulls watching short-term trends.
10-Day SMA Adds Support for Continuation
One major observation in the latest analysis is how SEI has respected the 10-day simple moving average. This behavior suggests momentum is building gradually rather than sharply reversing, often a sign of sustained buyer interest. The SMA currently provides dynamic support near the $0.31 to $0.32 region.
If SEI continues closing above this short-term moving average, the case for a move toward $0.49 strengthens. Traders often watch this average as a validation layer for trend continuity, particularly in trending channels. It may act as a springboard should the price pull back slightly before climbing again.
With price above the 0.618 retracement level and trending upward, the 10-day SMA could help hold short-term support zones intact. As long as this condition is met, technical bias remains neutral to bullish, especially within the context of the descending pattern.
Fibonacci Levels and Mid-Term Projections
The chart uses Fibonacci retracement zones to map SEI’s reactive levels from previous highs and lows. The 0.382 level at $0.49 now represents a significant area of interest for traders. Historically, this level has acted as both a resistance and reversal point in prior trends.
A move toward this resistance would require SEI to remain above $0.29, which aligns with the 0.618 Fibonacci level that recently flipped into support. As long as price avoids breaking this base, there is room for continuation to the higher retracement.
The grey resistance zone, situated around the $0.49 mark, creates a visible price ceiling. This range has not been tested since late 2024, making it a relevant breakout target for Q3 and Q4 2025. A clean rejection from this area would not invalidate the pattern but may indicate another short-term dip toward mid-channel levels.
