Technical analysis by Ali (@ali_charts) predicts a potentially explosive surge of 170% for Sei (SEI), reaching a price of $0.90. This bullish forecast is based on a descending triangle pattern, suggesting a potential reversal in the cryptocurrency’s trajectory. SEI’s recent performance has been marked by consolidation following its July breakout, creating an opportune moment for a significant upward movement. CoinDCX projects a possible surge to $0.85-$1.00 driven by increasing on-chain activity. 📈 The current price of SEI at $0.3045 sits comfortably above key EMAs: 20-day ($0.2556) and 50-day ($0.2360), signaling short-term bullish momentum. However, a sustained break above the 200-day EMA ($0.2629) is crucial to confirm this positive trend. SEI’s potential breakout aligns with the broader crypto market gains, which rose by 1.21% to reach $3.76 trillion over the past week according to CoinMarketCap. The upcoming potential Fed rate cut might offer a tailwind for cryptocurrencies in general, potentially driving SEI higher. However, success hinges on sustained volume and broader market sentiment. Web3 enthusiasts are drawn to SEI’s scalability as a layer-1 blockchain supporting DeFi and trading applications, leading some to speculate about even loftier price targets. While this potential upside is exciting, the cryptocurrency market remains volatile; traders should closely monitor key resistance levels and on-chain metrics for further insights.