SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?
SEI is attempting to reclaim a crucial level to continue its rally after breaking out of a bullish formation. Analysts suggest a potential rally toward the $0.50 resistance, following a nearly 100% increase from a recent low. SEI has surged 43% weekly, outperforming Bitcoin and Ethereum. The cryptocurrency retested the $0.15 support and recovered the $0.20 area, hovering between $0.24 and $0.29, aiming to break the $0.30 resistance. Analysts highlight a confirmed inverse Head and Shoulders pattern, indicating bullish continuation if SEI holds above $0.27. A reclaim of the Fair Value Gap at $0.285 is necessary for further gains, while failure to hold this level could lead to a drop to new lows. Currently, SEI is trading at $0.28, reflecting a 12% daily increase.
