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<p>Alex Clay noted the promising breakout potential for SEI, emphasizing its formation of a Cup and Handle pattern. This bullish formation suggests that SEI is on the verge of a significant price increase, with forecasts indicating a potential surge of up to 250%.</p>
<p>The chart shared by Clay illustrates a cup formation that `displays a rounded bottom, beginning after a price decline that established support around the $0.28 to $0.30 range. Following this, the price rebounded, reaching resistance levels between $0.40 and $0.45.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/solana-sol-and-pendle-weekly-close-signal-rally-continuation-here-are-next-price-targets/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) and Pendle Weekly Close Signal Rally Continuation: Here Are Next Price Targets</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="468" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-1024x468.png" alt="" class="wp-image-581094" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-1024x468.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-300x137.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-766x350.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-1536x701.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-2048x935.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-328x150.png 328w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-350-788x359.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-350.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>After <a href="https://learn.bybit.com/candlestick/how-to-trade-with-cup-and-handle-pattern/" target="_blank" rel="noopener noreferrer nofollow">forming the Cup,</a> a slight pullback led to the development of the Handle, where the price consolidated below the resistance level. This pattern often signals a pause before a bullish move, indicating that a breakout might be imminent.</p>
<p><a href="https://x.com/cryptclay/status/1855539717279797317?t=ELCGtOof4QPwmu_abpaTKQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Clay suggests</a> that SEI is currently testing the resistance area near $0.45. A successful breakout from this zone could validate the Cup and Handle pattern, propelling the price towards key targets.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/is-the-render-price-gearing-up-for-recovery/" target="_blank" rel="noopener noreferrer nofollow">Is the RENDER Price Gearing Up for Recovery?</a></strong></em></p>
<p>The first target is set at $0.90, located within a historical resistance zone that has seen multiple rejections in the past.</p>
<p>The second target, identified at $1.72, corresponds with the 161.8% Fibonacci extension level, a common tool in technical analysis for forecasting breakout potential. If SEI gains enough momentum, reaching these targets appears feasible, marking an exciting opportunity for traders.</p>
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<p>The post <a href="https://captainaltcoin.com/sei-price-breaking-out-with-major-bullish-pattern-analyst-forecasts-a-250-surge/" rel="noopener noreferrer nofollow">SEI Price Breaking Out with Major Bullish Pattern: Analyst Forecasts a 250% Surge</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SEI Price Breaking Out with Major Bullish Pattern: Analyst Forecasts a 250% Surge

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