SEI saw mild downside pressure in the latest session, with price action holding steady near a key technical level that continues to guide short-term direction. The token is currently trading at $0.1139, recording a 0.36% drop in the past 24 hours. Market activity improved, and trading volume increased 2.35% to $49.57 million.
Source: CoinMarketCap
Weekly performance stayed positive despite the dip in daily SEI, gaining 3.33% over the last seven days, indicating that buyers are continuing to step in on pullbacks. Sharp liquidation moves effectively secured the market, while the price behavior remained orderly and measured.
SEI Holds Descending Channel Support
Crypto analyst Jonathan Carter highlighted that the support of SEI channels is high. The token is continuing to move beyond the bottom of a downward channel. This level has been used as a defense in previous sessions. The failure of this level has acted to contain downside pressure and retain recovery possibilities.
The broader structure is an indication of consolidation and not trend failure. SEI has taken in the selling pressure without violating important support levels. The analysts treat this behavior as building the base and not a fresh bearish continuation.
Targets remain very clear because bounced confirmation appears. The initial resistance point is at $.145 and an early recovery checkpoint. An upward shift beyond that point can open the way to $0.205 and $0.360.
Source: X
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The next extension levels are still in sight provided the momentum continues to improve. Analysts are targeting the medium-term of $0.480. Other long-term goals include $0.700 and a psychological level of $1.000.
Trading Volume Rises as Open Interest Turn Bearish
According to CoinGlass data, the trading volume rose by 0.07 to $133.21 million. Open Interest was reduced by 0.13 to $81.85 million, which indicates a reduced leverage exposure. The OI-weighted funding rate is -0.0193. This is a slightly bearish indicator, as traders were wary of important levels of support.
Source: CoinGlass
RSI and MACD Signal Easing Bearish Momentum
The Relative Strength Index currently is 42.69, which is below the neutral 50. The RSI moving average is at 37.09. The indicator is above average and indicates loosening bearish momentum. However, buyers still do not have complete control over the direction of the trends.
Source: TradingView
MACD indicators incline towards a pessimistic position. The MACD histogram showed a small positive value of 0.0016, which indicates that momentum improvement may occur early. The MACD line stands at -0.0062, and the signal line is at -0.0078. The two values remain in the negative territory, which shows that the overall trend has not quite bounced back.
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