• Sei price is consolidating in a descending triangle pattern.
  • A breakout from this setup forecasts a 40% crash to $0.271. 
  • A swift flip of $0.560 hurdle into support will invalidate the bearish thesis.

Sei (SEI) price consolidation is nearing its end, which could soon result in a volatile breakout. SEI investors need to be cautious, as the crypto market outlook is looking bleak.

Also read: Sei price action forecasts an opportunity to accumulate SEI

SEI price edging closer to a breakout

SEI price action between April 16 and June 8, created five lower highs and three equal highs. Connecting these swing points using trend lines shows the formation of a descending triangle setup. This bearish pattern forecasts a 42% crash, obtained by adding the distance between the first swing high and swing low to the breakout point of $0.467. 

The forecasted target sits at the lower limit of the weekly imbalance, extending from $0.350 to $0.265. The confluence of the theoretical target coupled with the weekly imbalance makes it a good level for accumulation. 

The Relative Strength Index (RSI) has been struggling below the mean level of 50, suggesting that bulls are not banded together. If this outlook continues, then the theoretical forecast could come into play.

SEI/USDT 1-day chart

SEI/USDT 1-day chart

While the general market outlook is bearish, if Bitcoin (BTC) price shoots up, it could ruin this bearish outlook. In such a case, if SEI price produces a decisive daily candlestick close above $0.560, it would create a higher high and invalidate the bullish thesis. 

This development could further see SEI price attempt a retest of the $0.649 hurdle after a 16% move.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Tether mints another $1,000,000,000 USDT on Justin Sun’s Tron blockchain: TRX traders could profit

Tether mints another $1,000,000,000 USDT on Justin Sun’s Tron blockchain: TRX traders could profit

Tether, the world’s largest stablecoin issuer, has minted another $1 billion worth of USDT on the Tron blockchain according to Whale Alert data published Friday.

More Tron News
XRP Price Prediction: XRP back above $2 liquidating $18M in short positions, will the rally continue?

XRP Price Prediction: XRP back above $2 liquidating $18M in short positions, will the rally continue?

Ripple (XRP) seeks support above $2.0020 on Thursday after gaining 14% in the past 24 hours. The token trades at $2.0007 at the time of writing, reflecting growing bullish sentiment across global markets.

More Ripple News
Avalanche Octane update goes live on mainnet, slashes transaction fees significantly

Avalanche Octane update goes live on mainnet, slashes transaction fees significantly

Avalanche (AVAX) Octane update, live on mainnet on Thursday, introduces a dynamic fee mechanism to the C-Chain. This mechanism reduces transaction costs during high network activity by adjusting real-time fees, as per ACP-176.

More Avalanche News
Dogecoin soars as 21Shares files S-1 for DOGE ETF

Dogecoin soars as 21Shares files S-1 for DOGE ETF

Dogecoin (DOGE) rallied nearly 12% on Wednesday after asset manager 21Shares filed an S-1 application with the Securities & Exchange Commission (SEC) to launch the 21Shares Dogecoin exchange-traded fund (ETF).

More Dogecoin News
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP