SEI cryptocurrency is making a remarkable recovery after experiencing a significant drop of about 40% since April 9. Investors in SEI are hopeful as the digital currency shows signs of a bullish trend, potentially indicating a positive momentum shift. Let's explore the key levels to monitor amidst this recovery.

Recent completion of the Bitcoin halving event suggests a possible upward movement in altcoins like SEI. Analysts predict a potential increase of up to 38% for SEI, buoyed by a resurgence in altcoin strength post-Bitcoin halving.

In the short term, SEI has broken past the $0.4732 level, with a rebound observed at $0.58. This bounce-back could signal a future uptrend, providing a crucial point for SEI's momentum going forward.

Looking ahead, if SEI bulls can sustain momentum above current support levels, a significant bounce could propel the cryptocurrency towards the $0.8000 mark. However, challenges lie ahead, with resistance anticipated between the 100 and 50-day Simple Moving Averages (SMAs).

Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are indicating a bullish trend, potentially pushing SEI past the $0.8000 resistance level and towards the $1 psychological milestone, and even higher towards the $1.1450 range.

Despite recent gains, a downturn could occur if bulls decide to take profits, with a daily close below the $0.40 mark posing a threat to the bullish scenario. Nonetheless, investors should consider the possibility of SEI reaching its previous peak of $1.14, especially if an altcoin season materializes, indicating a potential 100% increase in value.

In conclusion, SEI cryptocurrency is on the path to recovery, with bullish indicators suggesting a promising outlook for investors. While challenges remain, the potential for significant gains underscores the optimism surrounding SEI's future prospects.