SEI Price Attempts Recovery as Analysts Flag Early Signs of Strength
- SEI is testing a crucial resistance zone around 0.142 after a short-term bounce.
- Analysts Ali and Michaël van de Poppe highlight bullish divergences and potential upside targets.
- A breakout above 0.142 could open the door to a move toward 0.164, while failure keeps the downtrend intact.
Momentum indicators remain soft, as the daily RSI lingers in the low 40s and the MACD stays under the signal line. Still, the latest bounce off sub-0.12 levels suggests buyers may be willing to defend the lower boundary of the range.
Intraday Focus Shifts to the Critical 0.142 Resistance
Short-term price structure has become more constructive, and traders are now eyeing a key turning point. Analyst Ali noted that SEI’s latest bounce aligned cleanly with December’s monthly open and emphasized that clearing 0.142 would be an important trigger.
His projection shows that breaking this level could fuel an advance of roughly 20 percent toward 0.164 based on Fibonacci extension levels.
Analysts Detect Bullish Divergences and Accumulation Signals
Michaël van de Poppe also flagged SEI as one of the stronger performers during yesterday’s rebound. He pointed to a major bullish divergence on higher timeframes and said a fresh divergence may be forming on lower intervals as well.
Van de Poppe believes SEI is trading inside a broader accumulation zone near cycle lows, a region where buyers historically step in before momentum shifts upward.
Breakout or Continuation? The Market Awaits Confirmation
Despite improving signals, SEI still needs to prove that this bounce can evolve into a broader recovery. A decisive move above 0.142 would likely attract momentum traders and strengthen bullish conviction heading into mid-December. Failure to reclaim the level, however, would keep the long-term downtrend in control and prolong SEI’s sideways consolidation.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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