Bitcoin
Sei Gains 38% Over the Week as Price Reclaims Key Support Level
The SEI token extended its weekly gains to 38% after turning the $0.055 area into support, diverging from broader weakness across the cryptocurrency market.
Sei recorded a 9.2% rise over a 24-hour period, bringing its seven-day advance to 38%. The move unfolded while Bitcoin consolidated around $84,000 following a retreat from $87,300, and as the aggregate cryptocurrency market capitalization declined by 0.20%.
Technical data shows the token cleared a daily bearish order block between $0.055 and $0.060, converting the $0.055 level from late June into support. Market indicators highlighted rising trading volume over the past six weeks following a summer consolidation phase around $0.045, with on-balance volume climbing to levels last seen in January.
Despite the recent upward momentum, the token's broader weekly trend remains in a multi-month downtrend. The technical analysis indicates that a weekly close above $0.080 would be required to signal a longer-term trend reversal, while immediate four-hour resistance sits near $0.0646.
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