$SEI at the Edge – Will the Bulls Step In?
$SEI is currently hovering around $0.2616, attempting to stabilize after a steady decline. Price action is squeezing between support and resistance levels, hinting at a potential breakout or breakdown.
Key Levels to Watch
Resistance Zones:
• $0.2635 – First hurdle for bulls
• $0.2658 – Breakout above this may shift trend short-term
Support Zones:
• $0.2600 – Holding this keeps the structure alive
• $0.2580 – Breach below here could invite stronger selling
Trade Setup
Bullish Scenario:
If $SEI clears $0.2635, we could see:
Target 1: $0.2658
Target 2: $0.2685
Bearish Scenario:
Failure to hold above $0.2600 might trigger:
Target 1: $0.2580
Target 2: $0.2540
Volume remains relatively light, suggesting a breakout may come with a sudden spike. Patience is key—watch for confirmation before entering.