SEI Price Prediction as TD Sequential Flashes Buy Signal

SEI Price Targets $0.30 Support After Bullish Signal & Setup

SEI price has started recovering after experiencing downward movement earlier today. A SEI chart from August 6 to August 12 shows an upward trend, surging from $0.27 to $0.32. The price peaked above $0.33 on August 9, then experienced a pullback, although the overall sentiment has been bullish. 

During this press, SEI trades at $0.3129, surging by 1.1% in the past 24 hours and 6% in the past 7 days. This proves that the momentum has indeed been smooth. Amid the surge in Altcoin price, an analyst on the X platform believes bulls should now be buying.

Buy Signal Flashes on SEI Price Chart 

Amid this positive movement, a prominent analyst on the X platform, Ali Martinez, highlighted an important buy indicator on the USDT chart, with the TD Sequential indicator flashing a buy signal. The chart shows a “9” buy signal, suggesting the token price was going to reverse, and $0.30 would be the best position to place a bet.

The previous TD Sequential signals have proved correct, including upward reversals, making this latest signal noteworthy for traders looking for entry points. The indicator works by pointing to periods of exhaustion in the market. The “9” signal typically marks the end of an ongoing trend, at which the price reverses or at other times consolidates.

With Altcoin price having dropped from its recent top near $0.32 and now eyeing $0.30 as the support, this buy signal aligns with the potential for a reversal.

A Potential Breakout Incoming?

A separate analysis shared by Sjuul points out that Altcoin price had a pronounced uplift previously, rising from support to resistance in a 2X move. Most recently, the price has been calming near the resistance, which could prove high possibilities of a breakout happening.

Typically, the formation of the flag pattern around  the resistance point is considered a bullish indicator. Specifically, it indicates the continuation of the previous trend. If it breaks through the resistance, the consolidation precedes upward momentum.

In his commentary, the analyst suggests monitoring the breakout, as it could happen soon. If SEI price manages to break the resistance, it could cause an additional upward move, potentially revising equal levels above $0.46.

Sei Ecosystem Still Growing

Moreover, fundamental developments are adding to the possibilities of Altcoin surging and breaking out to newer highs. The most recent development was seen last week, when the 100 million user Metamask added support for the layer 1 asset. Now, Metamask users can access based apps, digital assets, and even NFTs. Users can bridge, swap, and buy tokens using in-built fiat onramps like credit cards.

Note that Altcoin price has been gaining traction since the announcement was made. Together with the breakout potential seen on technical analysis charts, these fundamentals are adding use cases on Altcoin, which might bring the price up. also launched its Ethereum virtual machine-compatible chain, the token V2.