SEI Price Prediction: Hovering at the bottom of the three-week range, lacking momentum in the short term but may present buying opportunities.

SEI failed to break through the $0.35 resistance level, with the price falling 5.5% in the past 24 hours and nearing the low of a three-week consolidation range. Despite the current weak momentum, some technical signals suggest that the $0.31 area may be a key buying point.

SEI failed to break through the resistance level, with the price approaching the range bottom In the past day, the price of SEI coin has fallen by 5.5%, hovering in the three-week fluctuation range of $0.317 to $0.37. Although there were signs of a breakthrough at the end of June, and it briefly rose above $0.38 in early July, the price subsequently fell back with resistance at $0.37. Currently, the intermediate resistance level of $0.347 has become a key price level dominated by bears.

Technical indicators suggest a lack of momentum, and the oscillating pattern may continue From multiple technical indicators, SEI's short-term trend lacks a clear direction.

• CMF Capital Flow Indicator: Recently fluctuating around 0, indicating that buyers and sellers are at a stalemate, and the market lacks a clear dominant force.
• A/D Accumulation/Distribution Indicator: There has been no significant trend in the past month, reflecting that the inflow and outflow of funds are not significant.
• Awesome Oscillator: Close to the zero line, indicating a weakening of bullish momentum.

These indicators, taken together, suggest that the price of SEI coin is likely to continue fluctuating within the current range, lacking clear breakthrough signals.

Is there a buying opportunity in the $0.31 area? Short-term traders need to observe cautiously Despite the lack of a clear trend in the market, the technical analysis still reveals potential opportunities.

• $0.31 as a bullish order block and range low, may form a key support level.

• For intraday or short-term traders, if the price retraces to the $0.31 area and shows a clear rebound signal, it may be a valid buying opportunity.

• It is recommended to observe 1-hour or lower time frame charts, looking for bullish reaction signs.

  

However, it should be noted that if Bitcoin (BTC) experiences a pullback, it may lead to the invalidation of the range structure. Therefore, blindly placing buy orders carries a higher risk, and the strategy should prioritize waiting for a rebound confirmation.

Conclusion: Although SEI has recently shown insufficient momentum, the technical support in the oscillation bottom area is still worth paying attention to, especially for short-term traders to seize rebound opportunities. Investors should conduct long-term assessments in conjunction with fundamentals and closely monitor the price reaction at the lower bound of the range.