SEI Tests Falling Wedge Resistance Amid Strong Recovery

SEI has staged a significant recovery from its all-time low of $0.03824 in August, reaching $0.08010 as the broader crypto market regained momentum.

This represents a more than 100% increase, and another wave of bullish demand across major altcoins could potentially strengthen SEI's move.

However, SEI is now testing the upper edge of a falling wedge that has acted as long-term dynamic resistance.

If selling pressure rejects the current move, SEI could retreat toward the August low near $0.03824, while a clean breakout would be the key evidence traders are watching for a shift in momentum.