SEI Network (SEI) is at a critical juncture as traders evaluate a potential shift from a recent correction to a bullish phase.
Technical signals and analyst insights suggest that SEI may be nearing a crucial support level, with a market cap of $1.54 billion and over 5.5 billion tokens in circulation.
Recent price movements show SEI trading within a narrow range of $0.28 to $0.2739, with steady selling activity but no major volume spikes indicating a typical correction phase.
Analysts highlight potential liquidity zones and reversal scenarios for SEI, outlining targets at $0.2808, $0.2944, and $0.3046 for a bullish rebound, while also assessing the possibility of downside moves if resistance levels are not breached.