Weekly Close Above $0.38 Could Drive SEI Toward $1, Analysts Say

Analyst Ali says a weekly close above $0.38 could drive SEI toward $1, with $0.49 and $0.68 as key levels.

Analyst Michael notes $0.2161 support, suggesting a higher low formation that could lead SEI toward the $0.60 zone.

RSI near 50 and moving averages turning supportive indicate SEI is at a key decision point for trend direction.

SEI is attracting strong market attention as its weekly structure trades near key technical levels. The token is currently trading close to $0.2978, aligning with the 0.618 Fibonacci retracement zone at $0.2980

This level historically acts as a decision point where assets either face rejection or establish a breakout foundation. Analysts have noted that SEI’s performance around this area could determine whether a change toward higher targets becomes viable. According to analyst Ali, a decisive weekly close above $0.38 may position the token for an extended move toward the $1 mark.

Key Fibonacci Zones

SEI has had a prolonged decline through early 2025, with its price forming a descending channel of lower highs and lows. However, current trading near the 0.618 Fibonacci retracement shows a key inflection point

SEI/USD 1-week price chart, Source: Ali on X

Breaking above the resistance zone of $0.37–$0.43, also the high of the channel, would contribute further momentum. Subsequently, potential targets for the upside are $0.49 at the 0.382 level and $0.68 at the 0.236 level. A full retracement suggests $1.14, an important psychological level should the uptrend gain momentum.

Support Zones and Higher Low Formation

Another perspective comes from analyst Michael, who emphasized SEI’s rebound from a crucial support level at $0.2161. He noted that the market is likely forming a sustainable higher low, a development that often reinforces accumulation

At present, the token trades near $0.2978, down 4.04% for the week. Michael added that maintaining this structure could lead to a run toward $0.60, with the $0.40–$0.45 range expected to act as an initial resistance barrier.

Indicators Show Market at a Key Point

The weekly RSI is around the neutral 50 level, showing balance between buyers and sellers. Moving averages are beginning to provide support beneath price action, suggesting an early trend change

Additionally, volume spikes recorded during previous rallies and pullbacks show active market activity, which could intensify if resistance levels are tested

On the downside, losing the $0.29 region risks revisiting supports at $0.23 and potentially $0.12 if bearish pressure escalates.

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