SEI Price Evaluation: Cup and Handle Breakdown in Action, Here’s When to Purchase…
SEI’s optimistic setup is beginning to materialize, and we might be identifying the optimal entry point in weeks, but there’s a significant consideration.
For the past three weeks, SEI has been consolidating within a specific range while other altcoins have surged. So, is now the time to dive into SEI?
SEI Price Develops Classic Bullish Formation But Faces Critical Price ceiling
In the last 24 hours, SEI has declined by 5.5%, once again probing the lower bounds of its three-week range between $0.317 and $0.37. Despite this decline, the overall structure remains constructive.
A classic Cup and Handle pattern seems to be forming on the daily chart, and the price is trying to break free from the “handle” section, with several indicators beginning to affirm the momentum shift.
“That’s a Golden Cross, and it usually indicates trend continuation to the upside.” – 99Bitcoins Analysts
$SEI intriguing L1 with plenty happening. Chart on weekly making higher lows and higher highs since it found support at the $0.14 level. It has essentially reset from the peak in 2024.
Point of Control at $0.26 needs to hold for a sustained optimistic structure.
Targets:
Conservative $1.44… pic.twitter.com/Vaj3yMERq6— Dorkchicken (@DorkChicken) July 29, 2025
In the meantime, overbought signals are emerging, with the RSI exceeding 75. This is a standard setup for a pause or pullback, though it still maintains a uptrend structure.
Why SEI Remains Sideways Despite Positive Indicators
While daily indicators remain optimistic, the significant factor is that SEI continues to struggle below $0.35 and stays locked in its range.
To date, price movements indicate that SEI is still entrenched in consolidation, and the price breakout scenario has yet to be validated.
Is SEI a Good Buy Currently?
SEI’s long-term outlook remains strong, but short-term trade setups are more apparent on the 4-hour chart. If Bitcoin holds steady, this could represent a high-reward entry point.
A upward movement above $0.35 would allow for breakout. If it drops below $0.324, the bottom of the range comes back into play.
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Key Points
- SEI’s uptrend structure is beginning to form, and we could be eyeing the best entry point in weeks, but there’s a key consideration.
- Although the daily indicators show uptrend signals, the catch is that SEI keeps facing rejection below $0.35 and remains within its range.
The article SEI Price Analysis: Cup and Handle Price breakout in Play, Here’s When to Buy… first appeared on 99Bitcoins.
