SEI Provides Crucial Support as Market Indicators Show Signs of Stabilization

Market Stability: SEI is trading near a stable support range around $0.150, with market activity flattening and traders observing its developing structure, indicating early signs of stabilization.

Derivatives Data: The derivatives market shows balanced conditions with funding rates near neutral, reflecting reduced pressure and varied positioning across exchanges, although recent activity suggests a slight long bias on Binance and a short bias on OKX.

Price Patterns: SEI is potentially forming a double-bottom pattern as it revisits a key support area of $0.13–$0.14, with a target of $0.70 if a breakout occurs with strong momentum.

Short-Term Movement: Recent trading activity shows SEI settling in the $0.148–$0.150 range after a decline, with increased volume indicating active participation, while traders await confirmation of momentum shifts above short-term resistance.