Sei rallied 9.2% in 24 hours and 38% over the past week, flipping a key supply zone into support while Bitcoin held near $84,000. Traders are watching a break above $0.0646 for a run at $0.072, while a weekly close above $0.080 is needed to signal a longer-term trend shift.
Sei climbed 9.2% in 24 hours as Bitcoin held near $84,000, pulling back from an earlier peak of $87,300 with $81,000 flagged as a possible downside level.
The broader crypto market slipped 0.2%, yet Sei bulls held their ground. They flipped the late-June supply zone near $0.055 into support, and Sei appeared likely to extend its gains after Canary's staked ETF filing.
Weekly chart still points to a bearish trend
The weekly chart shows Sei's long-term trend remains firmly bearish. Trading volume has picked up over the past six weeks following a June-July consolidation near $0.045. Rising volume alongside upward momentum and price gains points to demand, but the Money Flow Index has not yet climbed above the neutral 50 mark needed to show buyers hold the upper hand. A weekly close above $0.080 is needed to signal a potential bullish trend shift.
Daily and four-hour charts turn bullish
On the daily timeframe, Sei has cleared the $0.055-$0.060 bearish order block and flipped its swing structure bullish after beating the previous lower high just under $0.060. The On-Balance Volume indicator has climbed to its highest level since January, while an overbought Money Flow Index shows bulls held the upper hand in recent weeks.
The four-hour chart tells a similar story: Sei retraced into the $0.055 demand zone before reacting positively to challenge the $0.0646 local high, a bullish continuation signal.
Traders eye $0.072 if $0.0646 breaks
An H4 session close above $0.0646 would put $0.072 in reach in the coming days, with the $0.0568 low serving as the level to watch to keep that timeframe's uptrend intact. Sei has surpassed local swing resistance, up 9% in a day and 38% in a week, though the higher timeframe trend stays bearish until a weekly close clears $0.080.
Source: AMBCrypto
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