SEI bulls target at $0.50 – First, this support needs to be held

The price of SEI is consolidating in a triangle pattern, with analysts predicting it could fall to $0.28 first and then rise 66% to $0.50. However, if you fail to hold on to $0.28, the price may drop to $0.24. The selling pressure is intensifying as SEI recently unlocked $18.42 million and another $17.76 million is planned to be unlocked on October 15. Despite bearish signals, on-chain activity remains strong, with nearly 1 million daily active addresses and a total locked value (TVL) of $593 million.