SEI token is poised for a potential breakout as it forms a falling wedge pattern, with analysts predicting a rise to $3. The token has been consolidating near support levels, and analysts highlight RSI divergence and structural bottoms as indicators of recovery momentum. BitcoinSensus identified breakout zones, including one near $1.40, resembling a 'macro bull flag' pattern. Analyst Ali Martinez noted a bullish RSI divergence, suggesting weakening bearish momentum and a possible trend reversal.
Institutional interest in SEI is growing, as evidenced by Hamilton Lane's tokenization of its Senior Credit Opportunity Fund on the Sei Network on October 15. This move enhances SEI's role in real-world asset tokenization, potentially boosting its market position.
SEI Token Eyes $3 Breakout Amid Bullish Reversal Signals
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