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The SEI coin is signaling a breakout by trading within the $0.20-$1.20 accumulation zone and representing bullish potential. Its market capitalization has approached 30 billion dollars, which indicates significant interest and optimism of investors.
SEI coin had a descending triangle pattern formation during 2024, with resistance near $1.20 and support near $0.42.
This consolidation indicates preparation for a significant price move. The breakout zone was marked above the triangle resistance.
SEI Coin Breakout Alert Set for Big Gains
SEI’s ATH is projected at $10.19, representing huge bullish potential if the breakout is confirmed. The price bounced off the $0.42 entry zone, showing renewed momentum towards higher levels.
If volume increases and a breakout occurs, SEI could test targets of $2.49, $5.06 and $10.19 in 2025. However, failure to hold support could result in a retest of lower levels near 0.33 USD.
The overall setup emphasized growth, with potential gains in line with broader market trends.
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Sustained momentum and market participation would be key for SEI to achieve its projected ATH and capitalize on the bullish scenario.
SEI/USDT bullish reversal pattern amid RSI signal
The SEI/USDT chart indicated a bullish reversal pattern within the descending wedge. The price ranged between 0.3826 and 0.4076 dollars.
The RSI level at 42.70 suggested slightly oversold conditions, favoring potential bullish momentum.
Price formed lower highs and lower lows within a wedge, showing sustained compression. This pattern often preceded an outbreak. Support was evident near $0.3826, while resistance settled at $0.4200.
Volume has remained relatively stable, with a slight increase during recent upward price movements. This indicates the growing interest of the market.
A break above $0.4200 could lead to a rally towards $0.4761, aligning with the marked green target zone.
The anticipated breakout would likely depend on increased buying pressure. Failure to break through resistance could result in a retest of support near $0.3826.
The overall structure showed that the SEI was consolidating within a bullish environment. If market conditions are supportive, a breakout could test $0.4761 or higher.
Conversely, downside risks remain if support levels fall, underscoring the importance of closely monitoring price action.
Stablecoin reserves near record highs
The chart showed stablecoin reserves across all exchanges reaching a record high of $44.5 billion by the end of 2024. This marked a sharp recovery after reserves fell to approximately $25 billion in mid-2023, reflecting reduced market activity.
During 2022, stablecoin reserves fluctuated between $30 billion and $37 billion, showing consistent accumulation.
However, reserves declined significantly from late 2022 to mid-2023, indicating reduced demand or increased off-exchange use.
Starting in mid-2023, reserves gradually increased, surpassing $30 billion by early 2024. The upward momentum intensified in late 2024, with reserves rising to $44.5 billion, reflecting increased market confidence.
This trend points to potential bullish momentum entering 2025, with rising reserves often associated with greater purchasing power.
If this pattern continues, stablecoin inflows could support upward price movements in the cryptocurrency market.
However, if reserves plateau or reverse, this could signal reduced demand or profit taking.
Monitoring stablecoin reserves in early 2025 would be crucial to confirm this expected bullish scenario. The chart highlights the market’s strong recovery after a volatile period.
