SEI’s price currently hovers around the $0.19 level, indicating a potential for either further decline or a sustained upward movement. While daily trading volume has decreased by over 16%, recent gains of over 4% have helped SEI achieve a 4.17% surge in 24 hours compared to other altcoins. The overall market recovery remains strong as the crypto market surged by 1.82%. Major tokens like Bitcoin and Ethereum are also showing green signals, indicating that this upward trend might be sustained. Notably, SEI’s price action is currently forming a falling wedge pattern on the hourly timeframe which suggests potential breakout towards $0.22 if bullish pressure persists. Meanwhile, analysts have highlighted support levels at $0.178–$0.181 and resistance levels near $0.191–$0.200, with a break above the upper trendline required for confirmation of bullish breakout.