SEI trades near $0.105 support amid volatility, as traders monitor breakdown risks or a rebound toward the $0.112 resistance zone.
SEI is trading near a critical price zone as market volatility remains elevated. The token is holding the $0.105 range low, which traders view as key support.
Price action around this level is drawing attention, because near-term direction may depend on whether buyers or sellers gain control.
SEI Holds $0.105 as Price Tests Key Support
SEI has been grinding lower and is now stabilizing near the $0.105 range low. This level has acted as support during recent trading sessions.
Market data shows price slowing, while volume remains moderate.
The broader market experienced strong moves last week, which added pressure to altcoins. SEI followed this pattern and moved toward the lower end of its range. Traders are now watching whether price can remain above this zone.
A market observer stated, “The $0.105 area has become the reference point for short-term structure.” This view reflects the focus on support behavior rather than directional bias.
Range Low Sweeps and Reversal Scenarios in Focus
Some traders are monitoring for a sweep below the $0.105 range low. Such moves often occur during volatile conditions. These events can remove liquidity and lead to short-term rebounds.
If price dips below support and quickly reclaims it, market participants may interpret that as a reversal signal. This scenario depends on strong follow-through buying. Without that response, the move may fail.
Others are waiting for clearer confirmation before acting. They note that false breaks are common during uncertain weeks. As a result, patience remains a key approach.
Higher Timeframe Levels and Short Continuation Risks
If SEI loses the $0.105 level on higher timeframes, continuation to the downside may follow. Higher timeframe closes often guide trend decisions. Traders track these signals closely.
Continuation shorts become more relevant if support fails and turns into resistance. This setup relies on sustained selling pressure. It also depends on broader market conditions.
Analysts note that structure breaks often bring increased volatility. Therefore, risk management remains central during such phases. No clear direction has yet been confirmed.
Related Reading: SEI at Critical Support: Bullish Divergences Hint at a 21 Day MA Break
Resistance Near $0.112 Remains a Decision Point
SEI faces resistance near the $0.112 level, which capped price in recent sessions. A test of this area could provide further direction. Price behavior there may attract both buyers and sellers.
If price reaches $0.112 and fails to hold above it, short positions may emerge. Such moves often occur after weak breakouts. Confirmation usually comes from rejection and follow-through.
If SEI reclaims and holds above $0.112, market structure may shift. That outcome would place focus back on higher range levels. For now, traders remain attentive to how price reacts around both key zones.
Source: https://www.livebitcoinnews.com/sei-at-a-make-or-break-level-0-105-support-could-decide-the-next-move/
