SEI (SEI) PRICE PREDICTION: Michae Van the Pop the Poppe Expresses optism Aft Majoric Breakout

Michaël van de Poppe has expressed optimism about the cryptocurrency SEI (SEI) after a major technical breakout, indicating that there are prospects for upward movement.

Crypto analyst Michaël van de Poppe has expressed optimism about the cryptocurrency SEI ($SEI) after a major technical breakout, indicating that there are prospects for upward movement.

Crypto analyst Michaël van de Poppe has expressed optimism about the cryptocurrency SEI ($SEI) after a major technical breakout, indicating that there are prospects for upward movement.

This optimism comes after a brief technical breakout on the 4-hour chart, which had been trending down since August 18.

This optimism comes after a brief technical breakout on the 4-hour chart, which had been trending down since August 18.

What Happened

Van de Poppe took to X to post that $SEI has managed to break an important resistance level, and he now believes this action will initiate a move up to $0.30. He further stated that:

“We'll see it move to $0.30 in a few days/couple of weeks. When an asset breaks a point (which acted as resistance before) and manages to flip it, we'll see support emerging at this previously held resistance value.”

Looking into SEI, it is evident that the asset has moved above a significant price level around $0.20, using that point as support, and is now gaining momentum as it moves forward.

SEI Pullback Expected After Hitting $0.30

$SEI is indeed expected to rise to $0.30, but Van de Poppe expects a pullback or correction afterwards. This is normal in the market, as more traders will endeavor to cash out, thus also causing others to begin to sell the token.

However, he also observes that this pullback may be just enough for new investors to jump in before SEI begins to pick up its pace again. The analyst is convinced that its next key price range will be between $0.50 and $0.70.

Chart Shows that $SEI’s Future Growth is Positive

Chart Shows that $SEI’s Future Growth is Positive

The chart used in van de Poppe’s post is a helpful representation of this forecast. The chart represents the token’s price plotted against time, and volume bars are below. The price has just undergone a strong upward momentum on the backdrop of having been in a sideways trend and slowly rebounding and is targeting the $0.30 mark.

The chart used in van de Poppe’s post is a helpful representation of this forecast. The chart represents the token’s price plotted against time, and volume bars are below. The price has just undergone a strong upward momentum on the backdrop of having been in a sideways trend and slowly rebounding and is targeting the $0.30 mark.

Source: X @CryptoMichNL

On the chart, points representing earlier highs and lows in prices are marked, and a red border around the $0.30 figure indicates the predicted area of resistance. The area upon which the indicators point to as being important includes the line on the chart labeled “Break here and we can talk about trend reversals”, which states that crossing this line is what has prepared the ground for the anticipated bull run.