SEI is hovering around $0.3285 right now, which honestly isn’t too far from where it’s been. The whole thing seems to be hanging on this one number, really: $0.31. If that level gives way, well, the mood could change pretty quickly. But if it holds? That might be the signal people are waiting for.

Watching the Triangle

Looking at the charts, the price is basically coiling up. It’s this pattern they call a symmetrical triangle. The highs are getting a bit lower, the lows a bit higher. Everything is getting squeezed into a tighter and tighter space. It’s the kind of setup that usually doesn’t last. It typically ends with a pretty strong move one way or the other.

For now, it’s bouncing between $0.32 and $0.34. Not a whole lot of excitement, but that’s often the calm before the storm. The big question is what happens when it finally reaches the tip of that triangle.

Key Levels to Keep an Eye On

Analysts are pointing to a few specific prices. That $0.31 mark is the big one for support. A lot of traders are apparently seeing that as a potential chance to “buy the dip,” as they say. If it holds there, the next big hurdle is up around $0.36. That seems to be a first major resistance point based on some Fibonacci calculations.

Beyond that, people are talking about $0.41, and then a bigger target way up near $0.44. That’s the optimistic take, anyway. It’s a big jump from here, so it feels a bit speculative. But the chart structure suggests it’s a possibility if things break the right way.

The Other Side of the Trade

Of course, it doesn’t always go up. If SEI can’t hold that $0.31 floor, the mood could sour. A break below could see it slide further, maybe toward $0.29 or even $0.27. That would definitely put a damper on the recent optimism and force everyone to reassess.

So it feels like we’re at a bit of a crossroads. The chart is set up for a decision. The compression can’t last forever. We’ll probably know in the next few days which way it’s going to jump. It’s a waiting game now, watching to see if the bulls or the bears win out at that key level.