SEI Price Breakout Scenario in Play: Will These Points Clear a Path to $3?

TLDR

• SEI price opened at $0.1203 and briefly surged above $0.1230 before retracing.
• Current SEI price is $0.1210, showing a 0.31% gain in the past 24 hours.
• The price trend shows early momentum followed by steady decline and range-bound movement.
• SEI’s weekly chart outlines a projected bullish breakout from a two-year falling wedge pattern.
• The long-term scenario maps potential upside toward $3, pending breakout confirmation and market momentum.

Sei’s Network native token, SEI, opened its market today during the Asian trading session at $0.1203. After that, the SEI price followed a dip before a steady reclaim that sent it above $0.1230. Despite the positive trend, the SEI price retraced its lower level again, settling below $0.1215.

SEI Price Edges Up to $0.1210 After Brief Rally Above $0.123

At the time of press, CoinMarketCap data indicates that the SEI price is currently trading at $0.1210, representing a 0.31% increase over the past 24 hours. The price gained steady momentum early in the session, reaching a series of minor intraday highs. After consolidating, SEI advanced sharply to cross the $0.1230 level, recording its 24-hour peak.

Source: CoinMarketCap

Following this surge, SEI experienced a pullback with a sequence of lower highs and declining price action. The price declined steadily, retracing most of the earlier gains made in the session. A period of choppy movement followed, as SEI hovered around the $0.121 range. The current movement remains close to the opening range of the earlier session.

SEI’s price action during the 24-hour window indicates both upward pressure and subsequent retracement. The volatility throughout the session remained moderate, with multiple small peaks and dips. The price continues trading just above its opening price, holding onto slight daily gains.

SEI Eyes $3 as Falling Wedge Sets Up Bullish Scenario

Despite the fluctuations in the 24-hour price trend, market analysts have hinted at a potential positive move. An analysis prepared by Bitcoinsensus reveals that the SEI weekly price chart displays a multi-year falling wedge structure that extended from early 2024 into early 2026. The price consistently moved lower throughout the pattern, creating a compression phase characterised by lower highs and lower lows.

Source: X

The price chart reveals a projected bullish scenario where the price begins accelerating upward from the wedge resistance. Two breakout levels are illustrated, appearing within the scenario projection. The observation also includes a macro bull flag from a previous cycle, which preceded the wedge formation.

Above the breakout zone, a series of higher price levels is mapped, with a target set at $3.00. The chart emphasises a potential market shift with momentum accelerating beyond key structural resistance levels. The projected movement builds on the transition from a long-term downtrend into a speculative upward phase.

The post SEI Price Breakout Scenario in Play: Will These Points Clear a Path to $3? appeared first on Blockonomi.

Source: https://blockonomi.com/sei-price-breakout-scenario-in-play-will-these-points-clear-a-path-to-3/