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SEI Rises on Higher Volume as $0.28 Support Holds

A 3-day 50‑SMA test has traders watching for a breakout toward the mid‑$0.30s.

Overview

  • SEI posted a roughly 5%–10% intraday gain on October 1, with market capitalization reported between about $1.69 billion and $1.81 billion.
  • Twenty‑four hour trading volume increased roughly 27%–30% into the $127 million–$162 million range, signaling renewed participation.
  • Price continues to consolidate above the $0.27–$0.28 support band and an ascending trendline that buyers have defended on multiple retests.
  • Technical readings highlight a potential inflection, with CMF hovering near neutral, MACD lines narrowing, and Bollinger Bands showing a bounce from the lower band.
  • Analyst Ali Martinez noted support at the 3‑day 50‑SMA and referenced a prior 120% rally from a similar setup, while CoinGlass data shows liquidation clusters near $0.27 for longs and $0.293 for shorts.