SEI’s $0.117 Rescue Mission: Will It Hit $0.136 or Crash? 🚨

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SEI rebounds from $0.117 support, eyeing $0.136. Watch key levels and market structure for potential bullish continuation. 🎮💰

The price of SEI has recently reversed after tapping into the $0.117 support level, showing signs of potential bullish continuation. Like a crypto version of a “404 Not Found” error, but with more emojis. 😂

As SEI approaches key price levels, traders are closely monitoring its next move. Because nothing says “excitement” like watching a number go up and down. 📈📉

The critical question remains: Can SEI push towards the $0.136 mark, or will it face further challenges at lower levels? Spoiler: It’s probably going to do both. 🤷‍♀️

The Importance of $0.117 Support and $0.1236 Resistance

The $0.117 level has played a key role in SEI’s recent price action. After the price touched this level, a bounce followed, signaling potential bullish continuation. Because nothing says “I’m a bull” like a 17-cent bounce. 🐂

Traders are particularly focused on how the price behaves around this support zone to gauge the strength of the trend. Like checking if your ex still has feelings for you. 😬

The next critical price point to monitor is $0.1236. If SEI can break above this resistance, it may signal the beginning of a higher-low structure, which is typically a bullish sign. Or it could just be a temporary glitch. 🧪

This could set the stage for further gains, with the next major target being around $0.136. Because why settle for $0.136 when you can dream bigger? 💭

grabbed ~$0.117 liquidity and reversed.

As mentioned in my analysis from the 5th of Jan, SEI now mitigated our ~$0.117 liquidity/support box and broke market structure.

The best long opportunity was on the M15 after tapping liquidity, but there are still long…

– Lennaert Snyder (@LennaertSnyder)

For traders looking for profit-taking opportunities, the $0.1288 level is a possible target. If SEI reaches this point, it might provide a good exit for short-term traders. But only if you’re brave enough to pull the trigger. 🎯

However, the key to reaching this level is successfully breaking through the $0.1236 resistance. Because nothing says “success” like a 12-cent hurdle. 🏃‍♂️

Long Opportunities as SEI Holds Key Support

Despite recent fluctuations, long opportunities are still present for SEI traders. The best time to enter a long position occurred after the $0.117 support was tapped. Like a crypto version of “I’m not lazy, I’m just conserving energy.” 💤

However, even now, there are still chances to profit from bullish moves, depending on how the price reacts to upcoming levels. Because why not? 🤷‍♂️

If SEI reclaims the $0.1236 level, it could confirm a shift in market structure. Or it could just be a temporary reprieve. 🤷‍♀️

This would indicate a higher-low formation, which suggests a potential continuation towards the $0.136 mark. Because nothing says “continuation” like a 19-cent jump. 🚀

Traders are keeping an eye on these levels for a clearer signal to enter long positions. Like waiting for a sign that your dating life is about to improve. 🧭

There’s also the chance that SEI could revisit the $0.117 support zone before moving higher. Because why not? 🔄

If that happens, traders will need to look for confirmation of a reversal before executing further long trades. Because trust is earned, not assumed. 🤝

Monitoring market structure on higher timeframes will be crucial for decision-making. Because nothing says “crucial” like a 4-hour chart. ⏳

Related Reading:  SEI Holds Strong as Altcoins Break Above 21-Day MA and Test Support

Risks of Revisiting Lower Levels and $0.113 Imbalance

While the $0.117 support has held so far, the $0.113 imbalance remains open. A drop to this level could indicate weakening bullish momentum. Because nothing says “weak” like a 13-cent drop. 📉

Traders should approach this level with caution and wait for clear signs of strength before making any new trades. Because patience is a virtue… and also a survival skill. 🙏

If SEI reaches $0.113 and shows signs of a reversal, it could present a potential entry point for long positions. Like a crypto version of “I’m not broken, I’m just… recharging.” 🔌

However, if the price fails to rebound and continues to drop, it may suggest a shift in market sentiment. Traders should be prepared for possible downside movement if this occurs. Because the market is a cruel mistress. 😈

The $0.113 level is still a key area to watch. If the price fails to hold at this level, it could signal further weakness in the market. Because nothing says “weakness” like a 13-cent stumble. 🐢

Traders should be cautious and monitor market structure for confirmation before acting on any trades. Because in crypto, confirmation is the only thing that keeps you from crying. 😭

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2026-01-16 07:07