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SEI Price Holds $0.3207 as Weekly Chart Compresses Under Descending Trendline

SEI Price Holds $0.3207 as Weekly Chart Compresses Under Descending Trendline

CryptonewslandCryptonewsland2025/09/21 22:03
By:by Vee Peninah
  • SEI trades at $0.3207, recording a 0.1% 24-hour increase within a tight $0.3172–$0.3244 range.
  • The weekly SEI/USDT chart shows compression under a long-term descending trendline, defining current price action.
  • Support at $0.3172 and resistance at $0.3244 remain central as the market tests stability around $0.32.

Sei’s market price has remained stable despite limited movement, with its weekly chart showing compression along a descending trendline. The SEI/USDT pair is currently trading at $0.3207, reflecting a modest 0.1% increase in the past 24 hours . The token’s trading activity has unfolded within a narrow range between $0.3172 and $0.3244, while its correlation to Bitcoin sits near 0.052769 BTC. Market participants are watching the tightening structure, which continues to define the token’s performance ahead of any potential directional change.

Weekly Chart Highlights Compression

The SEI/USDT weekly chart illustrates a consistent downtrend that has extended since early 2024. A descending trendline has repeatedly capped upward movements, guiding the price into a narrower structure over time. Notably, SEI now trades close to the bottom boundary of its long-term support zone, which stretches from the $0.31 region upward.

#SEI BREAKOUT LOADING… 🚀 pic.twitter.com/Piv7rX0SxJ

— CryptoJack (@cryptojack) September 21, 2025

This pattern has formed after several attempts to push higher were rejected at lower peaks throughout 2024 and 2025. The contraction of price action around the support level highlights the significance of this technical area. Furthermore, the repeated tests of the descending trendline emphasize the importance of the upper boundary for assessing upcoming moves.

Short-Term Range and Price Levels

Alongside the broader weekly structure, SEI’s 24-hour range remains confined between $0.3172 and $0.3244. Within this narrow channel, the price has oscillated while maintaining stability close to its current average. Importantly, the support at $0.3172 has held, providing a near-term reference level for market participants.

Resistance at $0.3244 has limited upward movement during the latest trading sessions. This restricted activity underscores the compression forming across shorter timeframes. Consequently, traders continue to monitor whether support can persist under repeated pressure. Any decisive movement above resistance would require increased trading activity.

Market Context and Implications

The intersection of descending resistance with established support highlights a compressed market state. Such conditions often precede larger directional moves, though timing remains dependent on sustained participation. SEI’s present level at $0.3207 positions it directly within this critical zone.

Moreover, the token’s stability at its current valuation suggests participants are awaiting clearer signals . With resistance only slightly above the trading price, upward movement remains restricted without broader confirmation. At the same time, the steady hold above $0.3172 reinforces the importance of maintaining current levels in the days ahead.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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