SEI Faces Crucial Falling Wedge Test Amid Staked SEI ETF Filing

SEI has made significant gains in recent times, more than doubling in price from its August low of $0.03824 to reach $0.08010. This increase is part of a broader trend in the crypto market, which has regained momentum.

The token's current price is testing the upper edge of a falling wedge formation that has acted as long-term resistance for SEI. If selling pressure pushes back against this move, SEI could retreat to its August low near $0.03824.

However, if the price breaks through this resistance, it could signal a shift in momentum with $0.10 becoming an important recovery level and potentially $0.18 emerging as another target for SEI.