SEI Defies 4.72% Drop: Bullish Momentum Signals Major Reversal Ahead
Forget the red on the screen—SEI's chart is flashing green where it counts. A nearly 5% price dip? Just noise. The real story is the underlying momentum shift, a technical pivot that's got traders whispering about a breakout.
Reading Between the Lines
Price action tells one story; momentum indicators often tell another. When an asset sheds value but its core strength metrics start climbing, it's a classic signal. It suggests the selling pressure is exhausted, absorbed by buyers waiting in the wings. This isn't hope—it's a pattern that precedes rallies.
The Setup for the Next Leg
This kind of divergence acts like a coiled spring. It builds energy while the price appears stagnant or declining, setting the stage for a sharp move upward once the balance tips. For SEI, the recent decline looks less like a failure and more like a final shakeout before a push higher—a necessary cleanse of weak hands, as the old Wall Street adage goes (though those hands usually belong to retail traders, not the funds).
Watch the levels, ignore the short-term fear. The momentum has already turned. Now we wait for the price to catch up.
SEI Shows Clear Shift Toward Bullish Structure
Analyst Alpha crypto Signal noted that SEI had been trading in a declining channel. The price action was tightening towards the upper limit. The weakening of downside pressure also took place. The entry of the buyers helped to push SEI higher to the previous threshold of $0.1361 and guaranteed a clean breakout. A high acceptance was observed above the channel with no significant retest.
The analyst further remarked that resistance that existed in the past is now becoming support. This change affirmed a transition to bullishness. The participants in the market regarded the MOVE as a managed response by the traders that were close to the trendline. The analyst opined the arrangement correlated with a high probability reversal and boosted belief in the trend reversal of the token.
Crypto analyst BullishBanter highlighted that after the sell-side sweep there was a visible response by SEI. The move altered the market structure and led to a spike in demand again. An imbalance was established on the rebound. The analyst mentioned that staying above the fair-value gap WOULD leave the road open to the next supply area.
SEI Technical Indicators Show Early Momentum Signs
CoinGlass data shows that trading volume dropped 13.80% to 179.39 million dollars. Open interest also declined 11.47% to 84.91 million dollars, pointing to reduced Leveraged participation. The OI-weighted funding rate is at 0.0032 percent, indicating a neutral trader stance.
The Relative Strength Index is 49.16 compared to 48.14 of the signal line. These readings have put SEI at a neutral position with no indication of selling or buying pressure. There is slight movement in the MACD. The MACD line is at 0.0023, and the signal line is at -0.0001. The histogram is close to being -0.0024, which indicates early momentum.
