Sei Price Prediction: Could a Breakout Above $0.37 Occur?

Recent price gains for SEI, with a notable 5.36% weekly increase, have fueled anticipation of a potential breakout above the $0.37 resistance level. This surge, fueled by growing bullish momentum and key technical indicators, has sparked speculation about a significant upward movement. Analyst Ali (@ali_charts) on X shared an intriguing chart showcasing SEI’s price action over the past two years, overlaid with a descending trendline that represents a crucial barrier to overcome. Currently trading at $0.29524, this breakout could signify a decisive shift in price patterns and potentially open the door to higher resistance levels around $0.50 or beyond.