SEI Price Outlook: Breakout Signal Emerges After Market Dip

At the time of writing, the token is trading around $0.276, giving it a market capitalization of $1.69 billion. Despite the monthly losses, the network still holds its position as one of the top 70 cryptocurrencies by market value.

The broader trend shows SEI struggling to stay above the $0.30 mark after multiple failed attempts earlier this month. A steep correction pushed the price down from mid-September highs of nearly $0.37, wiping out short-term gains and testing support near $0.27.

On-chain data and market sentiment indicate that investors are waiting for a clear breakout from this consolidation range. While the short-term chart looks weak, technical analysts believe that SEI may be preparing for another leg higher.

Market analyst Ali highlighted that SEI recently bounced off the lower boundary of its trading channel, a move that could open the way for a climb toward $0.34 if momentum strengthens. The $0.30 level remains the first hurdle to watch, as a decisive close above it may attract further buying interest.

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Still, the market remains volatile, and any renewed weakness in the crypto sector could pressure SEI back toward its support zone. For now, traders are watching the $0.27-$0.28 range closely to determine whether the token is ready to recover or faces another dip.

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