Date: Sun, April 13, 2025 | 04:30 AM GMT
The cryptocurrency market entered 2025 under intense pressure. Ethereum (ETH) suffered its worst Q1 in history, plunging 45% and dragging sentiment across the altcoin space with it. But things may be shifting. President Trump’s surprise announcement of a 90-day tariff pause has triggered a fresh wave of optimism in global markets — and crypto is starting to feel the ripple effects.
One altcoin showing early signs of recovery is Sei (SEI), which has gained over 15% this week after holding a critical support level. Could this be the start of a recovery after facing the heavy hit of 54% this year?
Sei (SEI) Holds Strong at Key Support
SEI has been in a steep decline since peaking around $0.90 in March 2024. The consistent downtrend has carved out a textbook falling wedge — a pattern often associated with bullish reversals. Just this week, SEI touched a major support near $0.13, and that’s where the bulls made their move.
Price quickly bounced to $0.1786, signaling renewed buying interest at these levels. The weekly chart shows that SEI remains inside the wedge, but the recent rebound has brought it closer to the upper resistance line.
A breakout from this wedge could be a game-changer. The potential upside? A move to the $0.40 zone — which would mark a 110% rally from current levels.
The MACD on the weekly timeframe is also beginning to curl upward. While it’s not yet confirmed, this early signal points to a possible shift in momentum from bearish to bullish.
What’s Next?
SEI is now at a critical technical crossroads. If it maintains bullish momentum and breaks out of the falling wedge, the token could be in for a major trend reversal. Traders and investors should keep a close eye on volume and confirmation above resistance before jumping in.
If the breakout fails, SEI could revisit its support zone once again. But for now, the structure suggests the tides might be turning.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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