Two prominent crypto analysts, Ali Martinez and Alpha Crypto Signal, are highlighting a potential surge for SEI. Their analyses suggest the asset is poised to reverse its downtrend as it forms a tightening falling wedge pattern, commonly seen as a bullish reversal signal in technical analysis. 📈 📉 📈
Ali, citing his hourly chart on X (@ali_charts), points to this pattern, noting that its structure indicates price compression with sellers losing momentum and buyers gradually gaining ground.
His prediction is that if SEI breaks out above the wedge’s resistance level, he anticipates a rally toward $0.22 and potentially even higher, fueled by quick momentum. ⬆️
Alpha Crypto Signal, backing up this outlook on his 4-hour chart (@alphacryptodesign), highlights a strong base of support in the $0.185-$0.192 range that continues to attract buyers.
This level holds as long as it remains above the range, creating a bullish structure. 🔑
Key levels to watch: Alpha Crypto Signal suggests a break and close above the wedge resistance, ideally with significant trading volume, will trigger SEI into the $0.205-$0.215 region, aligning with a 0.5 Fibonacci retracement of the recent decline.
A breakout there is likely to register on the radar of momentum traders and could fuel the next uptrend.
Further indication: Market momentum indicators are showing signs that the downtrend may be weakening as the 9-day EMA flattens, while trading volumes start to increase.
Trader sentiment has also shifted for the better recently, with consensus pointing out that if $0.185 holds, bulls remain in control. 💎 However, a dip below this level could potentially break the bullish pattern and fail.
What’s next for SEI?
The charts are displaying classic reversal behavior, tight compression, higher reaction lows, and growing interest from traders. If SEI breaches the resistance above, a price rally toward $0.22 could happen sooner than expected. ⏱️
Patience and confirmation remain key as SEI builds up momentum, and if buyers finally step in with significant volume, this wedge pattern could become the next big breakout to watch.
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