The TD Sequential indicator has flashed a "9" buy setup on SEI's daily chart, suggesting possible trend exhaustion and a short-term rebound after a sustained decline from around $0.19 to $0.15. Analyst Ali_charts reported this signal, which typically emerges after nine consecutive candles in the same direction, indicating weakened selling momentum.
SEI formed a hammer-like candle on the daily chart, followed by a small white candle, showing early buyer interest and potential accumulation. Recovery targets are set at $0.17–$0.18, with a decisive move above this range potentially confirming a reversal toward $0.20 resistance. Additionally, over 2.3 million transactions in 24 hours reflect strong on-chain engagement, reinforcing network stability despite recent price weakness, as noted by Marc Shawn Brown.
Analysts Sjuul and Rishith Goswami emphasized that SEI is trading at its 2023 support zone, with a bullish RSI divergence on higher timeframes signaling accumulation. Goswami highlighted this as a favorable area for recovery, supported by the ecosystem's growing Total Value Locked (TVL). If SEI maintains stability above $0.15, it could fuel a gradual rebound, with some predictions aiming for $0.18 by late November and $0.22 by December, extending up to $0.36–$0.38 based on historical resistance levels.
