SEI trades within a symmetrical triangle, with $0.31 support viewed as a strategic buy-the-dip level.
Daily trading volume dropped 20%, showing weaker participation while keeping short-term volatility relatively elevated.
A breakout above $0.37 could pave the way for a rally toward $0.44 in coming sessions.
SEI is consolidating within a tightening structure, with traders focusing on $0.31 as the key support level. Analysts project this zone as a potential accumulation area before a breakout that could drive the token toward $0.44.
Symmetrical Triangle Signals Compression Phase
The SEI/USDT 4-hour chart shows a symmetrical triangle pattern with trendlines converging towards each other. The structure is usually followed by a breakout that is decisive after the price action hits the apex. The narrowing range reflects ongoing consolidation and reduced volatility compared to earlier trading.
Ali (@ali_charts) noted that SEI at $0.31 represents a buy-the-dip opportunity before a projected move to $0.44. The $0.31 support level has repeatedly acted as a springboard, limiting downside moves and sustaining rebounds back into the upper trendline zone.
The projected apex of the triangle approaches early September, which may align with an increase in volatility. A breakout beyond $0.36–$0.37 resistance could provide the momentum required for a move toward $0.39, with $0.44 as the next target.
Support Zones and Fibonacci Structure
From a Fibonacci retracement perspective, the $0.31 area aligns with the 0.382 retracement level. This confluence reinforces the argument for buyers to defend the zone as a foundation for potential bullish continuation.
Once it holds, positive pressure may take it above $0.37 resistance and test the $0.39 high at the 0.786 retracement. This progression would likely strengthen buying interest and open the way toward $0.44.
However, failure to protect $0.31 may shift focus toward the $0.28–$0.27 range. A decline into that territory could disrupt the short-term bullish setup and reset market expectations.
Market Context and Short-Term Activity
SEI’s market cap is valued at $1.91 billion, supported by 6 billion tokens in circulation from a 10 billion supply. The Fully Diluted Valuation at $3.17 billion suggests longer-term growth potential while raising concerns of supply pressure.
During the past 24 hours, the trading volume decreased by 20.68% to $244 million indicating diminishing interest in terms of speculative involvement. This decline has not affected the volatility-to-market-cap ratio, which is 12.8%, indicating that SEI is still popular among active short-term traders.
Sellers remain robust in the areas of resistance at around $0.3352-$0.34, with buyers struggling to retain the levels of around $0.3152-$0.31. The result of these zones will determine the present price tendency, and volume confirmation will be the deciding factor.
