Falling Wedge Signals Potential Rally To $0.40

By Sajjal Ali | Edited By Ammar Raza,July 20, 2026, 5:00 AM

The SEI price is holding a key support level within a long-term falling wedge, with analysts watching for a breakout that could signal a broader recovery. Meanwhile, Monaco Trading has launched its public testnet on the Sei blockchain, introducing a unified trading platform with MEV protection for fairer execution.

At the time of writing, SEI is trading at $0.04648 with a 24-hour trading volume of $13.08 million and a market capitalization of $341.11 million. Despite the signs of stability over the last 24 hours, the SEI price structure and network expansion point to a bullish reversal ahead.

Source: CoinMarketCap

Also Read: SEI Price Eyes Breakout Above $0.060 As Double Bottom Signals Reversal

SEI Price Eyes $0.40 Breakout as Key Support Holds

According to the crypto analyst James Bull, SEI is positioned at the apex of a descending wedge pattern that has been developing over a long period. 

The SEI price is currently above an important support level at $0.046. Given the current tight price movement, there is a likelihood of a significant shift in price movement, and this area can act as a probable region of accumulation.

Source: James Bull’s X Post

A breakout above the lower resistance level of the wedge formation would signal an end to the SEI price’s extended decline and could lead to a stronger move to the upside. 

Technical analysts look at the $0.40 area as a long-term target for the SEI price, provided there is good momentum and increased volume. Until then, the focus remains on the support levels and any breakout.

Monaco Trading Expands on Sei With Testnet Launch

The data from MSB Intel further highlighted that Monaco Trading is set to launch its public testnet on the Sei blockchain and has unveiled a fully integrated trading ecosystem that combines spot, perpetuals, and listings of real-world assets as tokens. 

This launch aims at inviting traders and developers to check out the architecture of the platform before it goes live.

Source: MSB Intel’s X Post

Sei is designed to leverage the high-speed backbone of the network, allowing for quicker and lower latency trading in multiple asset categories. 

The MEV protection is also included in the testnet by Monaco Trading to prevent front running and sandwich attacks and provide an equitable means for executing orders.

Despite the bullish price prediction and network expansion, the SEI price is moving in a neutral trajectory. However, the general trend in the crypto market is improving, and a breakout in the SEI price could occur if conditions remain favorable.

Also Read: SEI Price Holds Key Support as $2 Target Sparks Bullish Outlook

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.