Analysis of asset $SEIUSDT (1W, Binance)
On the weekly timeframe, #SEI is forming a classic 'descending wedge' pattern, approaching the upper boundary of descending resistance.
🔍 Key technical signals:
The price has confidently moved above the 7MA and 25MA 📈
The level of 0.26–0.27 USDT (Ichimoku cloud) is currently being tested as a resistance zone.
Parabolic SAR has flipped upwards — confirming the upward movement ✅
Volumes are increasing, indicating strong interest from market participants 🔥
📌 Conclusion: A breakout above the upper boundary of the wedge may trigger a momentum towards 0.43–0.50 USDT. Support is around 0.25–0.26. We are closely monitoring the consolidation above the cloud.
⚠️ Not financial advice. DYOR.
