SEI Eyes $3.00 After Breaking Multi-Month Wedge Pattern

⬤ SEI just punched through a major technical barrier that’s been forming for months. The weekly chart shows price breaking cleanly out of a falling wedge pattern—one of those setups traders love to see because it often signals the end of a downtrend. After spending weeks grinding lower with each swing making a lower high and lower low, SEI finally found its footing and shot upward, leaving that consolidation phase in the rearview mirror.

⬤ The breakout didn’t happen all at once. Charts show two distinct moments where SEI pushed through resistance: first breaking the upper wedge boundary, then confirming the move by clearing previous resistance levels. Now trading well above that earlier range, price is sitting near the 2.98 USDT mark with analysts eyeing the psychological $3.00 level as the next logical target. The setup followed what technicians call a “macro bull flag”—basically a long pause in an uptrend before continuation.

⬤ What makes this breakout worth watching is how clearly defined the setup was. Those falling wedges can cook for a long time before they resolve, and when they finally do break upward, the move tends to be decisive. SEI’s now trading above its old resistance zone with a projected continuation path sketched out on weekly timeframes. Whether it actually hits that $3.00 mark or stalls out along the way, the technical picture has definitely shifted from defensive to offensive.