SEI Token Shows Breakout Potential After Binance.US Listing and TD Sequential Buy Signal

The Sei (SEI) token is exhibiting signs of a potential price breakout following a prolonged period of consolidation, bolstered by its recent listing on Binance.US and a bullish technical indicator. Market analyst Ali highlighted on X that the TD Sequential indicator has triggered a rare macro buy signal on the monthly chart, indicating that SEI's extended sideways trading between $0.14 and $0.24 may be concluding.

SEI has consistently found support around the $0.18 level, with buyers stepping in repeatedly to prevent further declines. The token's price action has narrowed, with current trading near $0.1766 and a 24-hour range of $0.1695 to $0.182. Binance.US opened deposits for SEI and commenced trading for the SEI/USDT pair on November 13, with staking support announced to follow soon, expanding access for U.S. investors and potentially increasing holder participation.

Technical analysis reveals mixed signals: weekly indicators such as RSI at 38.89 show weak momentum, but hourly charts indicate improving conditions with STOCH at 74.242 and CCI at 67.8831, suggesting short-term buying pressure is building. SEI's market capitalization stands at $1.1 billion, with a daily trading volume of $116 million and a circulating supply of 6.25 billion tokens out of a total 10 billion, providing a stable liquidity foundation. If SEI breaches the $0.24 resistance, it could target the $0.35 to $0.42 range, aligning with historical supply zones.