Technical analysis by BallaJi about Symbol SEI: Buy recommendation (4/20/2025)

The SEI network is currently displaying positive price movement after recently breaking out of a downward trend channel that had been in place since the peak on December 5th. On the daily chart, it has been trading sideways within the upper channel, indicating a potential retest of that breakout. However, the momentum isn't particularly strong, especially since Ethereum, the frontrunner in the altcoin resurgence, isn't exhibiting explosive upward movement either.Should the situation shift and Ethereum regain its leading position, I believe that many struggling smart contract platforms, which have seen their prices plummet by over 80%, could also experience a robust recovery.If Ethereum manages to climb back into the $2,000+ range, I anticipate that SEI will reach its target on the chart, which is approximately 30 cents.