SEI is currently approaching a major descending trendline resistance after reclaiming the key weekly support zone around $0.20–$0.31. Price action is showing strength with a potential reversal setup building.
🔹 Key Technical Levels:
🔽 Support: $0.20–$0.31 (reclaimed zone)
📉 Resistance: Descending trendline from previous highs
🎯 Target 1: $0.5571
🎯 Target 2: $0.9109
🛑 Invalidation: Break below $0.1165 (risk zone)
📌 Technical Outlook:
Bullish structure forming above a long-held support
A breakout from the trendline could initiate a strong leg upward
Risk-to-reward remains favorable for mid-term swing setups
Watch for volume confirmation if SEI closes above the trendline. Momentum may accelerate toward the targets with bullish follow-through.
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