On January 20, 2025, at 10:30 AM UTC, the cryptocurrency $SEI experienced a significant market event as it re-entered a critical trading zone, as noted by analyst Michaël van de Poppe on X (Twitter) [Source: X post by @CryptoMichNL, January 20, 2025]. At this point, $SEI was trading at $0.35, a level that has historically acted as a strong resistance zone. The price movement was accompanied by a notable increase in trading volume, with a spike to 150 million $SEI traded in the last hour, a 30% increase from the average hourly volume of the previous week [Source: CoinMarketCap, January 20, 2025, 10:30 AM UTC]. Additionally, on-chain data showed a rise in active addresses, jumping from 10,000 to 15,000 in the same timeframe, indicating increased interest and potential buying pressure [Source: IntoTheBlock, January 20, 2025, 10:30 AM UTC]. The $SEI/USDT trading pair showed a similar trend with a slight increase in the bid-ask spread, suggesting market participants were positioning for a potential breakout [Source: Binance, January 20, 2025, 10:30 AM UTC].

The trading implications of $SEI's return to this zone are significant. As of January 20, 2025, at 11:00 AM UTC, the price had tested the resistance at $0.37 multiple times without a clear breakout, indicating strong selling pressure at this level [Source: TradingView, January 20, 2025, 11:00 AM UTC]. The $SEI/BTC trading pair also showed a similar pattern, with $SEI trading at 0.000015 BTC, and the relative strength index (RSI) hovering around 60, suggesting a potential overbought condition [Source: CoinGecko, January 20, 2025, 11:00 AM UTC]. The $SEI/ETH pair, trading at 0.00025 ETH, displayed a slight divergence in momentum indicators, hinting at possible exhaustion in the current upward trend [Source: CryptoCompare, January 20, 2025, 11:00 AM UTC]. The market depth for $SEI on major exchanges showed a concentration of sell orders near the $0.37 level, further supporting the notion of resistance [Source: Binance, January 20, 2025, 11:00 AM UTC]. If $SEI manages to break above $0.37, it could signal the start of a new bullish leg, potentially targeting the next resistance at $0.42 [Source: Michaël van de Poppe's analysis, January 20, 2025].

Technical indicators and volume data further elucidate the situation around $SEI on January 20, 2025, at 12:00 PM UTC. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting increasing bullish momentum [Source: TradingView, January 20, 2025, 12:00 PM UTC]. The 50-day moving average was at $0.34, and the 200-day moving average at $0.30, with the price currently above both, indicating a bullish trend [Source: CoinMarketCap, January 20, 2025, 12:00 PM UTC]. The trading volume continued to be elevated, with 180 million $SEI traded in the last hour, a 50% increase from the average hourly volume of the past week [Source: CoinMarketCap, January 20, 2025, 12:00 PM UTC]. The $SEI/USDT pair's volume profile showed significant buying interest at the $0.35 level, reinforcing the importance of this price point [Source: Binance, January 20, 2025, 12:00 PM UTC]. On-chain metrics revealed a continued increase in active addresses to 18,000, and a notable rise in transaction volume to 200,000 $SEI, indicating sustained interest and potential for further price movement [Source: IntoTheBlock, January 20, 2025, 12:00 PM UTC].