Sei Network’s $3 Rally Hinges on This Critical Support Level
All eyes are on a single price zone. If it holds, the path to a $3 valuation opens wide.
The Line in the Sand
Every major move needs a launchpad. For Sei Network, that launchpad is a specific, well-defined support level traders are watching like hawks. Break below it, and the bullish narrative crumbles. Hold it, and the engine fires up.
Anatomy of a Breakout
Markets don't rally on hope alone. They need technical confirmation—a foundation strong enough to handle the weight of a climb. The current setup suggests that foundation is being tested right now. A successful defense here doesn't just stop the decline; it builds the momentum for the next leg up.
The $3 Target: More Than a Number
Hitting that figure isn't just about vanity metrics or giving analysts something to tweet about. It represents a clear technical and psychological milestone, a signal that the network's underlying thesis is gaining real, price-reflected traction. Of course, in crypto, a 'thesis' is often just a fancy word for a well-told story—but sometimes the market buys the book anyway.
The stage is set. The support level is the trigger. Either it holds and fuels the ascent, or it fails and resets the board. No middle ground.
Resistance at 9-Week DEMA Limits Upside
No matter the positive setup, SEI is under short-term pressure. TradingView indicates that the coin is trading in the range of $0.109-0.110, just above an important old support line. There is weak follow-through buying pressure indicated in the weekly candles that only protects the zone but lacks enough power for a reversal. The 9-week DEMA is acting as a dynamic resistance line at $0.102-0.105.
Also, momentum indicators warn of caution. The RSI is at 32, indicating that Sei is oversold but lacks bullish divergence. The MACD is still below its signal line, indicating that bearish momentum is still intact. Even if there is a short-term bounce, this should still be considered as a relief rally unless all technical indicators are aligned.
Source: TradingviewSEI Key Resistance Levels for Bullish Momentum
The first support level that is crucial is in the $0.10-$0.105 region. If breached on a weekly closing basis, prices may go lower, and an important level of support may be seen in the $0.075-$0.08 region. For SEI prices to MOVE higher, they first need to break through the support level of $0.13 and then of $0.17-$0.18. For that level to be achieved, a target of $3.00 will then be possible.