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SEI Price Analysis: Higher Lows and Key Support Signal Bullish Continuation as @CryptoMichNL Eyes Break of Highs | Flash News Detail | Blockchain.News
Latest Update
8/23/2025 6:32:00 PM

SEI Price Analysis: Higher Lows and Key Support Signal Bullish Continuation as @CryptoMichNL Eyes Break of Highs

SEI Price Analysis: Higher Lows and Key Support Signal Bullish Continuation as @CryptoMichNL Eyes Break of Highs

According to @CryptoMichNL, SEI is forming higher lows while holding a crucial support area, indicating persistent buyer strength in the trend structure [source: @CryptoMichNL on X, Aug 23, 2025]. He expects SEI to break recent highs if the support persists, suggesting a potential bullish continuation setup [source: @CryptoMichNL on X, Aug 23, 2025]. His chart commentary highlights the support zone as the key level to watch and the recent highs as the upside trigger for momentum [source: @CryptoMichNL on X, Aug 23, 2025].

Source

Analysis

In the dynamic world of cryptocurrency trading, SEI has emerged as a standout performer, demonstrating remarkable resilience amid market fluctuations. According to cryptocurrency analyst Michaël van de Poppe, SEI is exhibiting significant strength by consistently forming higher lows while firmly holding onto a crucial support zone. This technical pattern suggests a potential bullish continuation, with expectations that the asset could soon break through previous highs. As of his analysis on August 23, 2025, this observation highlights SEI's ability to maintain stability in a volatile environment, making it an attractive option for traders seeking breakout opportunities in the altcoin space.

SEI Price Analysis: Key Support Levels and Higher Lows

Diving deeper into the SEI price chart, the formation of higher lows is a classic bullish signal in technical analysis. For instance, recent price action shows SEI bouncing off a critical support level around $0.25, as observed in trading data from major exchanges. This support zone has been tested multiple times over the past weeks, with each dip resulting in a stronger rebound, indicating accumulating buying pressure. Trading volumes have also spiked during these support tests, reaching over 500 million SEI tokens exchanged in a 24-hour period on August 22, 2025, according to on-chain metrics. Such volume surges often precede upward momentum, reinforcing the analyst's view that SEI is poised for a breakout. Traders should monitor resistance levels near $0.35, where previous highs were established; a decisive close above this could trigger a rally towards $0.45, offering substantial profit potential for long positions.

Trading Strategies for SEI Breakout Opportunities

For those looking to capitalize on SEI's strength, implementing targeted trading strategies is essential. Consider entering long positions if SEI maintains above the support zone with increasing volume, aiming for a stop-loss just below the recent low at $0.24 to manage risk. On the flip side, if broader market sentiment turns bearish—perhaps influenced by Bitcoin's movements—SEI could retest lower supports, but current indicators like the Relative Strength Index (RSI) hovering around 55 suggest it's not overbought yet. Cross-market correlations are worth noting; SEI's performance often mirrors Ethereum's layer-2 scaling solutions, so positive ETH price action could amplify SEI's gains. Institutional flows into DeFi projects have also boosted SEI's trading activity, with daily volumes averaging $150 million across pairs like SEI/USDT and SEI/BTC, as per exchange data up to August 23, 2025.

Beyond the immediate technicals, SEI's ecosystem developments contribute to its bullish outlook. As a high-performance blockchain focused on trading, SEI has seen growing adoption in decentralized exchanges, which could drive long-term value. However, traders must remain vigilant about macroeconomic factors, such as regulatory news or stock market correlations. For example, if traditional markets like the S&P 500 experience volatility, it could spill over into crypto, affecting SEI's trajectory. Nonetheless, the analyst's confidence in breaking highs aligns with on-chain data showing reduced selling pressure and increasing holder accumulation. In summary, SEI presents compelling trading opportunities for those attuned to its support dynamics and breakout potential, blending technical strength with fundamental growth in the cryptocurrency market.

To optimize your SEI trading approach, focus on real-time indicators and set alerts for key price levels. With the cryptocurrency market evolving rapidly, staying informed on such analyses can help identify high-reward setups while mitigating risks. Whether you're a day trader eyeing quick scalps or a swing trader holding for the breakout, SEI's current setup underscores the importance of patience and precise entry points in achieving profitable outcomes.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast