The token, currently trading near $0.317, has already gained nearly 8% over the past seven days, fueling speculation about a larger rally ahead.

Crypto analyst Ali Martinez pointed to a descending triangle breakout pattern on SEI’s long-term chart, suggesting that if momentum holds, the token could embark on a sharp move higher. His projection indicates a potential rally from current levels toward the $0.90 mark – a level not seen in months.

On shorter timeframes, SEI has been consolidating between $0.30 and $0.34, with RSI readings around 61 showing growing bullish momentum. Meanwhile, the MACD is gradually shifting positive, hinting at a potential continuation of the upward trend if buying pressure increases.

Market data further supports rising optimism. SEI’s market cap stands at $1.9 billion, with a fully diluted valuation of $3.17 billion. Despite a 19% drop in 24-hour trading volume, the token remains in the top 60 cryptocurrencies by market cap, showing resilience amid broader market fluctuations.

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If the bullish breakout scenario plays out, SEI could retest major resistance zones near $0.50 and $0.70 before making an attempt at the projected $0.90 target. However, traders also remain cautious, as any failure to sustain momentum may lead to a pullback toward the $0.28 support region.

With technical patterns aligning and analysts calling for a triple-digit percentage move, SEI is becoming one of the most closely watched mid-cap altcoins in September.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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