SEI Crypto Consolidates at $0.28 as Traders Watch 50SMA Bounce for Next Move
Sei is trading at $0.28, down 1.12% in the past 24 hours, as the token hovers around a crucial support zone that could dictate its near-term trajectory.
Market watchers point to the 50-day simple moving average (SMA) on the 3-day chart as a decisive level, with past rebounds from this line sparking major rallies. While price action shows consolidation, the setup could be laying the groundwork for a breakout if buyers reclaim momentum.
50SMA Holds the Spotlight
A recent post by analyst Ali underscores how important the 50SMA has been for SEI’s historical performance. He notes that the last significant bounce from this level led to a 120% surge, pushing the token into a strong upward phase.
Ali suggests that the asset is once again…
