Sei Gains 38% in a Week as Traders Assess Key Resistance

Sei (SEI) rose 38% over the week and 9.2% in 24 hours as of 4:45 a.m. ET (08:45 UTC) Sept. 25, surpassing local swing resistance as Bitcoin (BTC) traded near $84,000.

SEI reclaimed the $0.055 level, which had served as a supply zone in late June. After retracing into the $0.055 demand zone, SEI reacted positively and moved through the $0.055-$0.060 bearish order block on the daily chart.

The move also took SEI above a previous lower high just below $0.060, changing the daily swing structure to a bullish pattern. SEI is challenging $0.0646; a four-hour close above that level would strengthen the recent bullish structure.

The $0.0568 low is the level to watch to keep the current four-hour uptrend intact. A move below that level would weaken the recent short-term structure.

SEI’s broader weekly trend remains bearish despite the recent gains. Trading volume has increased over the past six weeks following consolidation near $0.045, while the weekly Money Flow Index has risen but remains below the neutral 50 level.

A weekly session close above $0.080 would be the first sign of a potential longer-term trend shift. The broader crypto market capitalization declined 0.20% during the period, while Bitcoin retreated from $87,300 earlier in the week.