$SEI is currently experiencing a mild downtrend, evidenced by a 1.809% price decline over the past 24 hours and testing the lower Bollinger Band at 0.1995. With support at 0.1982 and resistance at 0.2094, the price action appears constrained within this range, suggesting a weak trend as volatility remains moderately low. Macroeconomic factors, such as ongoing inflation concerns and regulatory scrutiny, may dampen investor sentiment. Moreover, Bitcoin's undefined influence indicates a lack of correlation, possibly isolating SEI’s movements. Traders may benefit from a short-term approach to capitalize on volatility, while a key takeaway is the heightened sensitivity of SEI to macroeconomic shifts, warranting close monitoring of external factors.

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