Key Insights:
- SEI finds strong support at $0.106 and quickly rebounds to test the $0.111 resistance zone.
- Futures Open Interest declines, but short-term buying pushes SEI back above critical price levels.
- Technical charts show weak momentum, yet traders monitor for a breakout toward the $0.115 mark
SEI found firm support at $0.106 and has since bounced back, reaching above $0.111. The level was tested several times before the price reversed direction. The short-term chart shows a sharp upward move immediately after touching $0.106, confirming the area as a reliable support zone in recent trading.
The token has since climbed steadily, crossing $0.110 and now testing $0.111. Market activity has picked up following the bounce, with increased interest around this resistance. According to Ali Charts, “SEI has now started the rebound toward $0.115, as expected,” following the confirmation of support.
Resistance at $0.111 in Focus
The $0.111 level has acted as a ceiling during recent sessions, with price action struggling to break above it. Current movement suggests the market is watching this area closely. If SEI holds above $0.110, a break above $0.111 could open room for further upside.
The next resistance was near $0.113, followed by the $0.115 target noted in previous forecasts. Short-term momentum depends on whether buyers can push through $0.111 with strength. “A confirmed breakout above it could open the way toward the next resistance,” Ali Charts stated in a recent update.
Long-Term Data Shows Market Weakness
Market data from Coinglass shows that both SEI’s price and futures Open Interest have declined over the past year. In late 2023, Open Interest rose above $300 million, with SEI nearing $0.80. However, early 2024 saw sharp drops in both metrics. By mid-2024, Open Interest briefly recovered to nearly $400 million, but price gains were not sustained.
Source: CoinglassFrom September 2024 onward, the market trended lower. Open Interest has declined to around $150 million, and SEI traded below $0.10 by the end of 2025 before the recent recovery. The data points to fading interest among futures traders during the second half of the year.
Weekly Chart Signals Continued Pressure
SEI’s weekly chart shows a consistent downtrend throughout 2025. The price moved from above $0.70 in early January to near $0.11 in December. A short-lived recovery in the middle of the year lifted the price toward $0.25, but it quickly reversed and continued lower.
Technical indicators reflect a weak trend. The MACD remains below the baseline, and the histogram continues to fall. Bollinger Bars show price compression near current levels, suggesting low volatility. Unless buying volume increases, the broader trend remains under pressure despite the short-term rebound.
Source: TradingViewDISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/analysis/sei-bounces-back-targeting-0-115/
