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SEI Faces a Turning Point: Will It Be a Death Cross or a Golden Cross?

SEI Faces a Turning Point: Will It Be a Death Cross or a Golden Cross?

Bitget-RWA2025/11/16 03:40
By:Bitget-RWA

- SEI , Sei's native token, shows early recovery signs amid crypto market slump, with technical indicators suggesting potential breakout from prolonged consolidation. - Despite 2.83% 24-hour decline to $0.17, increased $114.1M trading volume and TD Sequential buy signals highlight critical inflection point potential. - Market analysis identifies $0.1756 support and $0.1776 resistance levels, with death cross risks below $0.1745 and golden cross potential above $0.1787. - Fear/greed index at 25 reflects ext

SEI, the primary token of the

blockchain, is beginning to show signs of a rebound even as the wider crypto market faces a downturn. Technical signals are pointing to a possible breakout after a lengthy period of sideways movement. Over the past 24 hours, the token has dropped by more than 2.83%, currently trading around $0.17 as negative sentiment grows throughout the industry. Still, some analysts believe this price zone could be a pivotal turning point, with bullish potentially testing major resistance levels if market conditions change .

The overall crypto sector has faced downward pressure, with

(BTC) holding near $102.8K and (ETH) trading at $3.4K. The fear and greed index, which measures market mood, is at 25, indicating strong bearishness. Despite these challenges, SEI's recent price movements have caught the eye of both traders and analysts. The token started the session at $0.1821, dipped to a low of $0.1696, and then steadied around $0.1766. to $114.1 million, reflecting heightened trading activity.

From a technical perspective, SEI appears to be approaching the conclusion of its consolidation phase after an extended decline. The TD Sequential indicator, which helps identify trend reversals, has issued a macro buy signal, suggesting the current price could serve as a support base. Moreover, the Chaikin Money Flow (CMF) for SEI stands at -0.10, and the Bull-Bear Power (BBP) is at -0.0005, indicating moderate selling but with weak bearish strength due to their closeness to zero

. The Relative Strength Index (RSI) at 48.78 also points to a neutral stance, showing a balance between buyers and sellers.

SEI Faces a Turning Point: Will It Be a Death Cross or a Golden Cross? image 0
A crucial element for SEI's short-term direction is the ongoing battle between bearish and bullish pressures. Should the downward trend continue, the price may challenge the key support at $0.1756, with a possible death cross—a bearish technical pattern—potentially pushing the price below $0.1745. On the other hand, if bullish momentum takes over, SEI could rally toward the $0.1776 resistance mark. —a bullish indicator—could then drive the token above $0.1787.

Mixed signals in the market highlight ongoing uncertainty. The Moving Average Convergence Divergence (MACD) remains below zero, signaling a bearish trend, but if it crosses above the signal line, it could indicate a short-term upward move. For a more reliable bullish reversal, both MACD lines would need to rise above zero

.

Investors are watching closely to see if SEI can attract broader participation to support its recovery. A larger investor base could provide the upward drive needed to break out of consolidation, though risks remain high in the current climate. As the crypto market continues to experience volatility, SEI's performance may become a key indicator for altcoin sentiment in the near future

.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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