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<p><a href="https://captainaltcoin.com/?s=SEI&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">SEI is currently exhibiting mixed signals</a> in its price action, as observed by crypto analyst Crypto_Jobs in his analysis. The price of SEI hovers around $0.4119, with the token facing resistance at key levels while maintaining a bullish outlook for the mid-term.&nbsp;</p>
<p>The analysis points to both potential bullish and bearish scenarios in the short and mid-term, with critical support and resistance levels shaping the outlook.</p>
<h2 class="wp-block-heading" id="strong-resistance-levels-at-0-4200-0-4250-strong"><strong>Resistance Levels at $0.4200-$0.4250</strong></h2>
<p>The analysis highlights a key resistance zone between $0.4200 and $0.4250. This zone corresponds to the 50% Fibonacci retracement level. Besides, it also aligns with the daily neutral zone, likely linked to the Tenkan and Kijun lines in the Ichimoku Cloud system.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SEI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SEI</a> / USDT – Price analysis: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Possible bullish retest [WEEKLY]. <br><br>-The price remain stuck below the downtrend [H4 – H1] <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>-Possible bearish retest on the 0.4250 – 0.4200$ resistance. (precedent support)<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>This level correspond to the exact middle of the neutral zone… <a href="https://t.co/UysyS4zlSy" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/UysyS4zlSy</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9.png" alt="🧙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Crypto_Jobs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9-200d-2642-fe0f.png" alt="🧙‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA &amp; FA <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoJobs3) <a href="https://twitter.com/CryptoJobs3/status/1842178747778171117?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 4, 2024</a>
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<p>Prior support at this level has now become resistance, and a bearish retest could occur if SEI fails to break above this area.&nbsp;</p>
<p>Crypto_Jobs suggests that unless <a href="https://www.coingecko.com/en/coins/sei" target="_blank" rel="noopener noreferrer nofollow">bulls push the price</a> past $0.4200, the token may experience short-term bearish pressure. Watching for any bearish rejection around this resistance will be crucial, as a failure to break through could trigger a consolidation or downward movement.</p>
<h2 class="wp-block-heading" id="strong-support-at-0-3600-remains-untested-strong"><strong>Support at $0.3600 Remains Untested</strong></h2>
<p>On the downside, SEI has a critical support level at $0.3600, which has yet to be tested. According to the analysis, this level is key for a potential pullback if the price gets rejected at the current resistance.&nbsp;</p>
<p>Although the mid-term outlook remains bullish, there is uncertainty regarding whether SEI will first move down to test this support before resuming its upward trajectory.</p>
<p>The analyst notes that while the token could see further bullish momentum, traders should remain cautious of the possibility of a retest at this support zone.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/expert-warns-of-further-bitcoin-btc-price-dip-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Expert Warns of Further Bitcoin (BTC) Price Dip: Here’s Why</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-short-term-bearish-setup-on-lower-time-frames-strong"><strong>Short-Term Bearish Setup on Lower Time Frames</strong></h2>
<p>On shorter time frames, such as the H1 and H4 charts, SEI shows signs of a potential bearish setup. Crypto_Jobs points to possible consolidation or downward movement in the immediate term, especially if the token fails to clear the $0.4200 resistance.&nbsp;</p>
<p>The price appears stuck below a downtrend on these time frames, signaling the need for bulls to gain strength before any further upward movement. Despite these short-term concerns, the mid-term outlook remains positive, provided the price breaks through key resistance levels.</p>
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<p>The post <a href="https://captainaltcoin.com/sei-price-faces-critical-resistance-will-bulls-break-through/" rel="noopener noreferrer nofollow">SEI Price Faces Critical Resistance: Will Bulls Break Through?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SEI Price Faces Critical Resistance: Will Bulls Break Through?

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