SEI Coin Forms Triple Bullish Divergence
- iWantCoinNews recently pointed out an interesting setup on SEI/USDT’s 4-hour timeframe—three bullish divergences showing up on the RSI indicator. This pattern typically hints that selling pressure might be fading, opening the door for a potential bounce.
- Right now, SEI sits around $0.189, holding above the $0.18 support that’s proven pretty solid lately. The analyst’s watching two targets: $0.21 as the first stop, and $0.24 as the broader range target—both areas where price hit resistance before. The RSI is trending up while price stays flat, which usually means buyers are quietly stepping in.
- The market’s still playing it safe overall, but SEI’s chart is showing some strength. Triple RSI divergences don’t happen every day, and when they do—especially with those higher lows on momentum—they often lead to rebounds. A clean break above $0.20 would probably get traders more interested.
- That said, there’s risk here too. If $0.18 breaks, the pattern falls apart and we could see SEI drop toward $0.16. Volume and a clear push through resistance are what traders need to see before committing.
- According to the analyst, “SEI’s triple 4-hour divergence is one of the most reliable bullish structures we’ve seen lately, with the upper range around $0.24 being a logical short-term target.” Many traders think SEI might be setting up for accumulation based on the oversold RSI readings.
- SEI could be approaching a turning point. If the divergence holds and momentum picks up, a move toward $0.21–$0.24 looks reasonable. But it needs to break above $0.20 convincingly—without that, the setup stays just a setup.
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