SEI Coin Holds at $0.30 as Traders Eye Potential October Breakout

Following weeks of consolidation, the coin’s price has begun to recover from local lows, fueled by improving market sentiment and growing optimism across the altcoin sector.

With Bitcoin’s continued strength driving confidence, traders are closely watching the asset’s trend structure for signs of a possible breakout toward key resistance levels.

In a recent post on X, analyst GigaEmmanuel expressed optimism about SEI’s outlook, noting that the token appears well-positioned heading into October.

He emphasized that Bitcoin’s ongoing momentum could act as a powerful catalyst for altcoins, predicting that if Bitcoin pushes toward its projected high near $125,000, the memecoin could follow with its own rally toward previous peaks.

Source: X

The analyst suggested that improved market liquidity and rising investor confidence could help the crypto regain its strength in the coming weeks.

On the daily chart, the token has maintained a steady ascending trendline that has provided consistent support since mid-2025. Each rebound from this structure reinforces technical resilience, with the token now trading near $0.27.

According to BraveNewCoin data, Sei is currently trading at $0.30, marking a 1.23% increase over the past 24 hours. The token’s market capitalization stands at $1.83 billion, with a daily trading volume of $116.79 million and an available supply of 6.12 billion tokens.

This moderate rebound has positioned the coin among the better-performing mid-cap assets of the week, reflecting renewed confidence among traders as the market enters a seasonally favorable period.

Source: BraveNewCoin

The con’s price continues to hover near short-term resistance levels, with support observed around $0.28. A sustained move above $0.31–$0.33 could invite stronger buying momentum, especially as technical indicators begin to favor bullish continuation. The overall structure remains constructive, suggesting that the crypto is consolidating before a potential push higher.

At the time of writing, SEI was trading near $0.30, showing a 4.46% gain over the past 24 hours, as per TradingView data. The recent rebound from lows around $0.28 underscores the presence of active buyers defending local support zones.

This setup indicates a gradual recovery pattern and growing optimism that aligns with broader bullish sentiment seen across altcoins entering October.

Source: TradingView

The Chaikin Money Flow (CMF) stands at 0.09, indicating mild but positive buying pressure and steady capital inflows. Values above zero generally suggest accumulation, supporting the narrative that the coin is experiencing renewed investor interest. If CMF readings remain positive, the price could sustain upward momentum toward the $0.35–$0.40 resistance range.

Meanwhile, the MACD shows encouraging signs of a potential bullish crossover. The MACD line (0.0011) has turned positive, while the signal line (-0.0042) remains slightly negative. The histogram’s shift into positive territory confirms that bullish momentum is building.