- SEI trades at $0.2794, up 2.6% in 24 hours, with BTC pairing also showing a 0.3% gain at 0.052493 BTC.
- Support is established at $0.2689, while resistance holds at $0.2844, shaping the token’s short-term trading range.
- The bounce from the lower channel boundary sets $0.34 as the next technical target if resistance levels are surpassed.
Sei has rebounded from the lower boundary of its trading channel, drawing focus back to its near-term resistance levels. The token is currently trading at $0.2794, which is a 2.6% rise over the past 24 hours. SEI also performs well against Bitcoin, with a gain of 0.3 percent and the pair at 0.052493 BTC. Market data demonstrates that buyers intervened at essential support, and strengthened the structure and prepared possible movement to higher levels.
Support and Resistance Levels
The short-term structure of the market is characterized by the support in $0.2689 and resistance in $0.2844. SEI has been moving between these two levels over the last 24 hours, which has narrowed down to a narrow band.
Interestingly, the lower boundary was defended successfully by the buyers and this enabled the token to stabilize in its present area. The most important barrier to monitor now is resistance which has curtailed the upward efforts in the recent sessions. It could be a stage to be broken and make some steps ahead.
Chart Structure and Technical Setup
The chart structure reflects SEI’s recovery from the channel’s lower line. The move highlighted renewed activity after a period of sustained declines. Notably, the bounce from $0.2689 confirms the lower band as an important defense level.
The outlined setup also projects possible upward paths, with targets mapped closer to the $0.34 region. The pattern further indicates that short-term movement may involve retests of mid-channel resistance before advancing toward upper boundaries. The alignment of these levels now gives traders a clear framework to monitor.
Market Focus and Price Implications
Market participants are closely watching SEI’s response to its immediate resistance. Sustained traction above $0.2844 could shift attention toward higher targets inside the channel. The recent rebound demonstrates that liquidity continues to concentrate at lower levels, strengthening the base for ongoing activity.
However, price consolidation within the defined 24-hour range highlights the balance between buyers and sellers. As trading progresses, maintaining support at $0.2689 while gradually challenging higher thresholds remains critical. The technical context now places $0.34 as the next notable point in view, should upward pressure persist.
