SEI looks ready to break $0.0694 resistance - Can bulls push toward $0.080?

Selling pressure steadily faded after Sei [SEI] established a firm floor between the $0.050 and $0.052 range during early April. A rounding bottom gradually formed afterward, signaling buyers were slowly absorbing weakening sell-side liquidity beneath the surface.

Momentum strengthened further once the $0.0563 resistance flipped into support, which later became the launchpad for the breakout.

Before the expansion, price briefly dipped below the $0.055 support zone, likely sweeping weaker positions and unlocking liquidity for continuation higher.

Source: SEI/USDT on TradingView

The move then accelerated toward the $0.0694 resistance while maintaining minimal retracement across the 4-hour structure.

Meanwhile, rising green volume confirmed genuine capital inflows rather than temporary low-liquidity spikes as the RSI approached the 70 overbought threshold.

SEI retracement tests breakout structure

After SEIs aggressive expansion toward the $0.0694 resistance, momentum gradually shifted into a controlled retracement phase. Price initially faced sharp rejection near $0.0694 before retracing toward the 38.2% Fibonacci support around $0.0657.

Source: SEI/USDT on TradingView

This zone now acts as the markets immediate strength test because strong bullish structures usually defend shallow pullbacks quickly.

If buyers maintain control above $0.0657, momentum may rebuild toward another retest of the $0.0694 high. A successful breakout there could expose it toward the psychological $0.080 region.

Meanwhile, RSI cooled toward 55.85 after previously entering overbought territory above 70, helping reset momentum conditions. CMF also remained positive near 0.12, signaling capital still flows into the token despite profit-taking pressure.

However, losing the $0.0634 support may expose the token toward the $0.060 region again.

SEI consolidation signals potential volatility expansion

SEI now holds above the $0.0597 support after rebounding sharply from Aprils broader selloff near the $0.050 region. Price continued approaching the $0.0694 resistance while daily structure gradually shifted into higher lows and stronger recovery positioning.

Meanwhile, On-Balance Volume (OBV) trends toward 3.46 billion even as price consolidates beneath resistance.

This behavior increasingly suggests that larger participants may continue accumulating quietly rather than distributing positions aggressively.

Source: SEI/USDT on TradingView

CMF also remains positive near 0.06, signaling capital still flows into SEI despite recent volatility and profit-taking pressure.

Bollinger Bands now begin tightening after the recent expansion phase, which often signals another high-volatility move ahead.

A breakout above $0.0694 may expose SEI toward the $0.080 region, while rejection could return the price toward the $0.0597 support zone.