SEI market structure remains weak, but deep accumulation levels and reduced liquidations may create conditions for a broader recovery. Long liquidations repeatedly punished leveraged bulls, w
SEI market structure remains under pressure, while reduced liquidations and deep support zones shape the token’s long-term recovery outlook.
SEI is as of writing, trading at $0.04668 after months of persistent downside pressure. The token remains close to the proposed $0.046–$0.036 accumulation range. This area sits near the lower boundary of a multi-year descending channel.
The broader chart shows repeated lower highs and lower lows since 2024. Each recovery attempt faced selling pressure near the channel’s descending resistance line. However, recent price action has compressed near the cycle’s deepest levels.
CryptoPatel identifies the current region as a potential long-term accumulation area. The analysis also allows for another sharp decline before any durable recovery begins. Such a move would keep the token within the broader accumulation framework.
Source: XThe immediate short-term chart shows support near $0.0465–$0.0466. Price has repeatedly rebounded after testing that region during recent sessions. However, repeated support tests could increase the risk of a breakdown.
The perpetual liquidation chart records several major waves of forced positioning. The largest long liquidation spikes appeared during late January and early February. One event reached approximately $1.32 million in liquidated positions.
Another major liquidation wave appeared during early June’s sharp market decline. Long liquidations again exceeded $1 million as SEI fell toward the mid-$0.04 range. This move removed substantial leveraged bullish exposure from the market.
Following that June liquidation event, activity became considerably more subdued. Smaller liquidation bars dominated through late June and July. The pattern suggests that excessive leverage has gradually declined around current price levels.
This shift could create a different trading environment for future price movements. A renewed rally could potentially trigger short liquidations above nearby resistance zones. However, liquidation data alone cannot confirm a lasting trend reversal.
The first major long-term resistance zone sits near $0.15728. This level previously acted as support before becoming resistance after the breakdown. A sustained reclaim would represent an important change in the broader technical structure.
CryptoPatel’s projected targets extend toward $0.35, $0.70, $1, and approximately $2. The path toward those levels would likely involve multiple resistance tests. Each breakout would require sustained buying pressure and stronger market participation.
In the short term, SEI must first reclaim the $0.0470–$0.0472 resistance band. The earlier spike above $0.0477 established a higher local barrier. A decisive move beyond that zone would strengthen immediate momentum.
Conversely, a clean break below $0.0465 could expose the market to further weakness. Trading volume has also declined, indicating reduced participation after the earlier price expansion. For now, SEI remains compressed between nearby support and resistance while longer-term targets await confirmation.
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