Sei Coin Holds at $0.29 as Traders Watch for Momentum Shift Above $0.35

Market participants are closely watching for a potential momentum shift, as tightening moving averages and a firm base may set the stage for a breakout. With sentiment gradually turning constructive, the coming sessions could determine whether the network token transitions from consolidation into a new bullish phase.

A recent X post by Tanaka highlighted that SEI continues to defend its $0.28–$0.30 support zone, maintaining a constructive structure despite recent market volatility. According to the analysis, price action has consistently formed higher lows along a rising trendline, reinforcing the zone as a strong accumulation area.

Source: X

The analyst noted that the moving average cluster is compressing, a sign of potential volatility expansion ahead. A daily close above $0.35 could act as a technical trigger for renewed upward momentum, while the next resistance targets sit around $0.475 and $0.68–$0.70. However, a breakdown below $0.27 would invalidate the bullish setup, emphasizing the importance of disciplined risk management.

“Patience is the edge here,” the analyst wrote, underscoring a cautious yet optimistic tone. The current structure suggests that traders are allowing the range to mature before taking on larger directional positions, waiting for confirmation of a sustained breakout.

Based on BraveNewCoin data, SEI is trading at $0.29, marking a slight -0.49% decline in the past 24 hours. The token holds a market capitalization of $1.77 billion with $117.5 million in daily trading volume, positioning it among the more actively traded Layer-1 assets. Its available supply currently stands at 6.12 billion tokens, ranking it 86th by overall market cap.

Source: BraveNewCoin

Despite minor price fluctuations, the token continues to hold within a stable range as market sentiment steadies. The ability to sustain the $0.28–$0.30 base is encouraging for bulls, especially as broader market conditions remain mixed. Should buying pressure persist, traders may begin targeting the $0.35–$0.37 zone as the first area of resistance, followed by the $0.47 level, which aligns with Tanaka’s near-term outlook.

According to TradingView data, SEI/USDT was recently priced at $0.2918, up 0.86% over the last 24 hours. The chart shows the token hovering just below the Bollinger Basis Line (0.2966), a zone that often serves as a pivot for short-term trend shifts. A sustained close above this line could strengthen the case for a bullish reversal.

Source: TradingView

The Bollinger Bands are moderately expanding, indicating that volatility is returning to the market. Meanwhile, the Chaikin Money Flow (CMF) stands at 0.04, suggesting mild but positive capital inflows — a sign that accumulation may be gradually building. This buying activity, combined with the asset’s ability to maintain higher lows, provides technical evidence that the market’s bias may be tilting upward.