SEI Price Teeters on Edge — More Losses Ahead or a Surprise Rebound?

SEI trades within a tight range, struggling to break above $0.347 resistance.

Momentum indicators show weakness, suggesting continued consolidation or further downside.

$0.31 demand zone may offer a bounce if bullish reaction appears on lower timeframes.

Sei — SEI, is hanging by a thread. After a sharp 5.5% drop in the past 24 hours, the price is approaching the lower end of a tight trading range. Resistance at $0.35 remains firm, and the bulls have struggled to gain ground. Momentum is fading fast, and technical indicators show little hope for an immediate reversal. However, not all is lost. Traders watching closely may still find a window of opportunity—if the conditions align just right.

Price Range Tightens as Bulls Struggle

SEI saw a bullish breakout at the end of June that had traders excited. The price surged past $0.347 and briefly touched $0.38 in early July. That rally didn’t last long. Bears stepped in near $0.37 and halted further gains. Since then, SEI has traded sideways in a narrow band between $0.317 and $0.37. The midpoint of this range, around $0.347, has become a key resistance level. Each attempt to break past this barrier has failed. The bears are firmly in control, and buyers lack the momentum to flip the trend. Technical indicators reflect this stalemate.

The Chaikin Money Flow sits near zero, revealing a lack of consistent buying or selling pressure. The A/D line also lacks a defined trend, signaling uncertainty among market participants. The Awesome Oscillator, which measures momentum, is approaching zero. This signals that the bullish energy from June is nearly gone. The range could continue unless a strong shift in sentiment occurs.

Is a Bounce Still Possible from $0.31?

Despite the weakening trend, SEI may still offer trading opportunities—especially for swing traders. While long-term investors might wait for clarity, traders focused on short-term movements should pay attention to the $0.31 area. This zone marks the range low and overlaps with a bullish order block on the 4-hour chart. A revisit to this demand zone might attract buyers again. However, traders shouldn’t jump in blindly. A proper bullish reaction from this level is essential. A Bitcoin pullback could easily drag SEI below support and ruin the potential setup.

To confirm a bounce, traders should look at lower timeframes, such as the 1-hour chart. Signs of a reversal might include a sharp bullish candle or rising volume. These small clues can help identify a favorable entry with a better risk-reward ratio. Patience and timing matter more than ever. Acting too early can result in losses. Waiting for SEI to show clear strength increases the chances of success.

SEI remains stuck in a tight range, with resistance at $0.347 keeping bulls trapped. Technical indicators favor continued consolidation. Still, the $0.31 demand zone offers hope for a potential rebound. Traders should stay alert, watch for signs of strength, and avoid emotional entries. A calculated move from the edge could flip the entire setup around.