SEI Price Rises on Falling Wedge Pattern as Buyers Defend Support

The SEI price is showing signs of potential recovery as buyers defend support within a falling-wedge pattern. According to Crypto With Gopal, SEI is forming a falling wedge on the 4-hour chart as the price compresses near the lower boundary around $0.039-$0.040.

This support zone remains crucial for bulls, with buyers attempting to prevent further declines. If the level holds, the pattern could support a potential reversal as selling pressure gradually weakens and momentum begins shifting toward recovery.

Breaking out from the resistance wedge ranging between $0.045 and $0.050 could boost the bullish bias, creating an opportunity for reaching the $0.050 level. However, traders might prefer to see some confirmation via an aggressive closing price along with increased volume.