Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Sei (SEI) Holds Strong at Key Support — Is a Bullish Rebound on the Horizon?

Sei (SEI) Holds Strong at Key Support — Is a Bullish Rebound on the Horizon?

CoinsProbeCoinsProbe2025/04/13 23:11
By:Nilesh Hembade

Date: Sun, April 13, 2025 | 04:30 AM GMT

The cryptocurrency market entered 2025 under intense pressure. Ethereum (ETH) suffered its worst Q1 in history, plunging 45% and dragging sentiment across the altcoin space with it. But things may be shifting. President Trump’s surprise announcement of a 90-day tariff pause has triggered a fresh wave of optimism in global markets — and crypto is starting to feel the ripple effects.

One altcoin showing early signs of recovery is Sei (SEI), which has gained over 15% this week after holding a critical support level. Could this be the start of a recovery after facing the heavy hit of 54% this year?

Sei (SEI) Holds Strong at Key Support — Is a Bullish Rebound on the Horizon? image 0 Source: Coinmarketcap

Sei (SEI) Holds Strong at Key Support

SEI has been in a steep decline since peaking around $0.90 in March 2024. The consistent downtrend has carved out a textbook falling wedge — a pattern often associated with bullish reversals. Just this week, SEI touched a major support near $0.13, and that’s where the bulls made their move.

Sei (SEI) Holds Strong at Key Support — Is a Bullish Rebound on the Horizon? image 1 SEI Daily Chart/Coinsprobe (Source: Tradingview)

Price quickly bounced to $0.1786, signaling renewed buying interest at these levels. The weekly chart shows that SEI remains inside the wedge, but the recent rebound has brought it closer to the upper resistance line.

A breakout from this wedge could be a game-changer. The potential upside? A move to the $0.40 zone — which would mark a 110% rally from current levels.

The MACD on the weekly timeframe is also beginning to curl upward. While it’s not yet confirmed, this early signal points to a possible shift in momentum from bearish to bullish.

What’s Next?

SEI is now at a critical technical crossroads. If it maintains bullish momentum and breaks out of the falling wedge, the token could be in for a major trend reversal. Traders and investors should keep a close eye on volume and confirmation above resistance before jumping in.

If the breakout fails, SEI could revisit its support zone once again. But for now, the structure suggests the tides might be turning.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

A decade-long tug-of-war ends: "Crypto Market Structure Bill" sprints to the Senate

At the Blockchain Association Policy Summit, U.S. Senators Gillibrand and Lummis stated that the "Crypto Market Structure Bill" is expected to have its draft released by the end of this week, with revisions and hearings scheduled for next week. The bill aims to establish clear boundaries for digital assets by adopting a classification-based regulatory framework, clearly distinguishing between digital commodities and digital securities, and providing a pathway for exemptions for mature blockchains to ensure that regulation does not stifle technological progress. The bill also requires digital commodity trading platforms to register with the CFTC and establishes a joint advisory committee to prevent regulatory gaps or overlapping oversight. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, is still being iteratively updated.

MarsBit2025/12/12 11:17
A decade-long tug-of-war ends: "Crypto Market Structure Bill" sprints to the Senate

Gold surpasses the $4,310 mark—Is the "bull frenzy" returning?

Boosted by expectations of further easing from the Federal Reserve, gold has risen for four consecutive days. Technical indicators show strong bullish signals, but there remains one more hurdle before reaching a new all-time high.

Jin102025/12/12 11:11
Gold surpasses the $4,310 mark—Is the "bull frenzy" returning?

Trend Research: Why Are We Still Bullish on ETH?

Against the backdrop of relatively accommodative expectations in both China and the US, which suppress asset downside volatility, and with extreme fear and capital sentiment not yet fully recovered, ETH remains in a favorable "buy zone."

深潮2025/12/12 10:15
Trend Research: Why Are We Still Bullish on ETH?
© 2025 Bitget