SEI Price Analysis: Cup and Handle Breakout in Play, Here’s When to Buy…

SEI’s bullish setup is starting to take shape, and we might be looking at the best entry point in weeks, but there’s an important catch.

We’ve seen SEI spend the past three weeks consolidating in a defined range while everything else in the altcoin space has ripped. So is now the time to ape into SEI?

SEI Price Forms Classic Bullish Pattern But Faces Key Resistance

Over the past 24 hours, SEI dropped 5.5%, once again testing the lower bounds of its three-week range between $0.317 and $0.37. Despite this dip, the broader structure remains constructive.

A textbook Cup and Handle formation appears to be forming on the 1D chart and the price is attempting to break out of the “handle” portion, and multiple indicators are starting to confirm the momentum shift.

“That’s a Golden Cross, and it typically signals trend continuation to the upside.” – 99Bitcoins Analyts

https://twitter.com/DorkChicken/status/1950124315933810784?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank

Meanwhile, overbought signals are flashing, with the RSI pushing past 75. It’s a classic setup for a pause or pullback, though still structurally bullish.

Why SEI Is Still Trading Sideways Despite Bullish Indicators

While the daily indicators flash bullish, the catch is that SEI continues to face rejection below $0.35 and remains stuck in range.

So far, price action suggests that SEI is still very much locked in consolidation, and the breakout narrative hasn’t been confirmed just yet.

Is SEI a Buy Right Now?

SEI’s longer-term case is intact, but near-term trade setups are clearer on the 4H. If BTC stays stable, this could mark a high-reward entry.

A breakout over $0.35 unlocks room to run. Lose $0.324, and the bottom of the range is back in play.

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The post SEI Price Analysis: Cup and Handle Breakout in Play, Here’s When to Buy… appeared first on 99Bitcoins.

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