- Sei (SEI) has surged nearly 20% in just over a week, cutting its year-to-date losses to about 48% as the crypto market shows signs of recovery.
- A Bearish Cypher harmonic pattern is forming on SEI's daily chart, signaling potential bullish continuation with a target of $0.2576, representing 22% upside from current levels.
- SEI must break above the critical resistance at $0.2303 (0.618 Fibonacci retracement level) to confirm the move toward the final Cypher pattern target.
- Technical indicators are turning bullish with MACD showing a positive crossover and the pattern remaining intact as long as SEI holds above $0.1920 support.
Date: Fri, April 25, 2025 | 06:35 PM GMT
After a bearish first quarter that saw Ethereum (ETH) drop by 45%, the crypto market is finally starting to show signs of recovery. ETH has bounced back with a 12% gain over the past week, and this has sparked renewed momentum in many altcoins as well.
One such altcoin making a strong comeback is Sei (SEI). After experiencing a heavy sell-off, SEI has surged by nearly 20% in just over a week—cutting its year-to-date losses down to about 48%. And now, a powerful harmonic pattern is forming, hinting that the recovery may not be over just yet.
Harmonic Pattern Signals More Upside Move
The daily chart for SEI, viewed through Heikin Ashi candles, reveals a Bearish Cypher pattern — a harmonic formation that often signals a bullish continuation up to a key reversal zone.
The structure starts at point X, which marked a rejection from the February 24 high of $0.2923. Price then plunged to point A, followed by a recovery bounce to point B, and another deep correction to point C, which bottomed around $0.1302 on April 7 — a 55% decline from the X point.
Currently, SEI is working on the final leg, CD, with strong upward momentum pushing it higher.
If this pattern completes as expected, the next major target is point D, which lines up with the 78.6% Fibonacci retracement of the X to C move — sitting around $0.2576. That marks a potential upside of 22% from the current price of $0.2058.
What’s Next for SEI?
SEI is entering a critical resistance zone on the CD leg — an area that could trigger either profit-taking or a quick acceleration depending on momentum.
Before reaching the final D point, the coin must first break above the intermediate resistance at $0.2303, which coincides with the 0.618 Fibonacci retracement level. A solid breakout from there could send SEI flying toward the final Cypher target much faster.
On the technical side, the structure remains bullish. The MACD indicator is also turning positive, with a bullish crossover showing early signs of growing momentum. Moreover, the recent series of higher lows supports the idea that buyers are stepping in consistently.
Looking ahead, as long as SEI holds above the $0.1920 support zone, the bullish setup remains intact. A clean push above $0.2303 would significantly improve the odds of SEI hitting the $0.2576 target and possibly setting up an even larger move beyond that if broader market sentiment continues to improve.
For now, all eyes are on the $0.2303 breakout zone to confirm the next big move for SEI.
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