Incoming Bounce, or Breakdown Ahead For $SEI?
is trading at $0.28, sitting just above a key psychological and technical support. After a prolonged downtrend and consistent lower highs, price action remains fragile but volatility is tightening, suggesting a big move is near.
$SEI is consolidating near its local bottom. RSI is flatlining in the neutral zone, showing indecision, while volume has dried up a typical sign of accumulation or exhaustion. A break below $0.27 could trigger a deeper drop, but a move above $0.30 would flip short-term sentiment bullish.
There's cautious optimism around $SEI network growth and recent ecosystem efforts but it hasn't yet translated into price strength. If broader market conditions improve, $SEI could benefit quickly.
Outlook: Neutral with a slight bullish bias if $0.30 is reclaimed. For now, patience and precision matter the breakout direction will set the tone for July.
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