SEI Price Breakout Setup Forming, Says Van de Poppe

SEI is currently accumulating within tight price ranges, according to popular crypto analyst Michaël van de Poppe. He notes that SEI has been experiencing a multi-month divergence that sets it up for a potential bullish breakout.

The current price of SEI sits at $0.05, and the 4-hour structure is holding a bullish trend. The EMA50 and EMA200 are converging at the same level, providing strong support to the token's price. Additionally, the MACD has registered a golden cross at 0.0, indicating a potential buy signal.

However, SEI's momentum via the RSI(14) is currently overbought, standing at 72.88. This suggests that a healthy retracement to the 50-EMA support level at $0.05 may occur before further price continuation. Van de Poppe notes that a breakout above $0.10 could be possible if SEI can overcome this resistance.