SEI Price Soars to $0.2787 As Breakout Clears Compression Zone

SEI breaks out with a 38.7% price surge, reaching a high of $0.2787.

RSI hits 72.85, indicating strong momentum nearing overbought territory.

MACD lines show early bullish crossover, supporting continuation in trend strength.

SEI recorded a significant upward movement on June 24, with its price increasing by 38.7% to reach $0.2787. The breakout followed weeks of consolidation within a narrowing pattern. The recent move brought price action above key resistance levels, suggesting a potential shift in short-term market dynamics

Trading volume also rose sharply, supporting the breakout’s strength. SEI’s 24-hour price range tightened before the move, hovering between the $0.1943 support and $0.2878 resistance zones.

SEI Breaks Out of Long-Term Triangle

The broader structure shows that SEI had been trading within a long-term symmetrical triangle since early 2023. The lower bound, defined by ascending trend support, held throughout the downtrend retracement. A failed breakdown attempt reversed quickly, which marked the beginning of a fresh upward push

Notably, the recent candle closed well above the triangle's upper bound, validating the breakout. Historical price data suggests the $0.2878 resistance is now critical, as it marked a previous swing high.

Momentum Indicators Strengthen the Breakout Case

The RSI is already at 72.85 in the 1-hour chart where it has reached a high of 80.03. This level marks strong bullish momentum, though it approaches overbought territory. RSI behavior remains consistent with recent sharp price increases

Source: TradingView

Meanwhile, the MACD supports the upside trend. The MACD line crossed over the signal line and the histogram bars were getting bigger showing increased bullish strength. The slope of the indicator has increased further to justify the maintenance of the trend acceleration.

Support and Resistance Levels To Watch

The immediate support lies at $0.1943, which held as a base before the breakout. Price rebounded cleanly from that level, validating its strength. Resistance at $0.2878 remains a critical overhead level. SEI tested it but has yet to close decisively above it. If price action consolidates above this zone, it may act as a new support. However, failure to sustain above $0.28 may see a short-term pullback to the mid-range levels.