SEI Crypto Surges 38% in One Week
SEI crypto has experienced a significant surge in recent days, gaining 9.2% in 24 hours and 38% in one week. Despite the broader crypto market cap slipping 0.20%, SEI bulls have held their ground, flipping the late-June supply zone near $0.055 into support.
The weekly chart shows that SEI's long-term trend is still bearish, but trading volume has picked up over the past six weeks after a consolidation period around $0.045. The rising volume and price gains indicate demand, with the MFI climbing but not yet above neutral 50 to signal that buyers have the upper hand.
A weekly session close above $0.080 is needed to signal a potential bullish trend shift. On the daily timeframe, the $0.055-$0.060 bearish order block has been cleared, and the swing structure has flipped bullishly since the previous lower high just under $0.060 was beaten.
The OBV has climbed to highs not seen since January, with the MFI in overbought territory, showing that bulls have had the upper hand in recent weeks. Traders are advised to look for buying opportunities, with a potential target of $0.072 if SEI crypto can break above its current resistance level.