SEI Breakout Retest Indicates Positive Outlook as Traders Maintain Long Positions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 05 2025
Market Analysis: SEI is currently retesting the $0.28–$0.29 support level after breaking above a descending trendline, with traders looking for confirmation to target the next resistance at $0.32–$0.34.
Trader Sentiment: Long positions on Binance significantly outnumber short positions, indicating a bullish sentiment among traders, despite a recent drop in derivatives volume and open interest, suggesting a period of consolidation.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
