$SEI 🚀🔥 Sei (SEI) There’s a Bowl in the Market: Rounding Bottom Signals Potential Reversal 📈✨
🍍🍍🍍🍍🍍🍍🍍🍍🍍🍍🍍🍍
🦀🦀Sei (SEI) is forming a bowl-shaped rounding bottom, a pattern that often indicates bearish exhaustion and the early stages of a possible trend reversal 🌟🎯. After an extended decline toward $0.42, price action has curved gradually higher, suggesting accumulation by strategic buyers 🧊🌿. On-chain data reinforces this view, with whale wallets increasing balances and exchange outflows picking up over the last ten days 🐢🎒.
🌵🌵🌵🌵🌵🌵🌵🌵🌵🌵🌵🌵🌵🌵🌵
🍉🍉Momentum signals are starting to tilt bullish. The Relative Strength Index (RSI) has climbed to 47, reflecting growing interest as price lifts from recent lows 🍋🧭. MACD histograms are flattening, while short-term moving averages are curling upward, hinting at a potential shift in control 🍇🎢. Volume is gradually increasing on green candles, confirming that fresh capital is entering as confidence returns 🎯🦕. In derivatives markets, funding rates have turned neutral after weeks of negativity, while open interest holds steady, suggesting reduced speculative pressure 🌳🔥. If SEI holds above $0.45 and gains momentum, the next upside targets sit at $0.50–$0.52 🚀🦋.
🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄🍄
🌼🌼Fundamentally, Sei remains committed to developing scalable infrastructure for decentralized finance and high-frequency trading 📡🌈. Recent updates and ecosystem growth continue to build long-term value, supporting this rounding formation 🦦🌫️.
🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺🌺
🦚🦚Traders should monitor the $0.45–$0.47 zone closely. A sustained breakout above this level with strong volume could validate the bowl pattern and spark a move toward higher resistance. Conversely, failure to hold may lead to retests of recent lows. Manage risk carefully as momentum builds 📊⚡.