Sei Network (SEI) is flashing early signs of a potential trend reversal after weeks of relentless selling, as Binance officially joined the blockchain’s validator roster.
At press time, SEI crypto trades near $0.18, up roughly 3% in the past 24 hours after Binance’s validator announcement and the launch of a 1.5 million SEI staking reward pool promising around 6.7% APR.
Binance, custodian of over $180 billion in assets for more than 200 million users, now directly helps secure Sei Network as a validator. This institutional-level backing strengthens network security, reduces token float via SEI staking, and signals confidence in Sei’s high-performance trading-focused L1 infrastructure.
Still, the token remains 50% below its early-September highs, with short-term traders eyeing whether this rebound is the start of a broader SEI price recovery or just another dead-cat bounce.
Bulls Look for Breakout Confirmation
According to data, SEI’s 30-day moving average (MA) sits near $0.17, just below its 200-day MA at $0.20, a zone that could act as both psychological and technical resistance.
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On TradingView, momentum indicators are mixed. The RSI is around 41.5, indicating mild oversold conditions. Meanwhile, the MACD line remains below its signal line, leaving bulls waiting for a clear crossover before confirming a bottom.
Independent analysts are seeing potential reversal patterns forming across higher timeframes.
Crypto trader @Ali_Charts pointed out SEI’s position at the “x-axis of a descending triangle,” hinting that this level could serve as a launchpad for a bullish breakout toward $0.70.
Another chartist, Sjull from AltCryptoGems, flagged a bullish change of character (CHoCH) structure, calling it “a very good reversal signal.”
Bitcoinsensus has noticed an inverse head-and-shoulders pattern forming on the weekly chart. If this pattern is confirmed, it could lead to a price target above $0.80.
These findings suggest a positive outlook for SEI’s technical analysis. However, to confirm this, the SEI price needs to reclaim $0.20 and hold it as support.
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