$SEI Severe Sell-Off - Layer Token in Freefall?

$SEI has cratered from 0.3378 to 0.2910, trading at 0.2924 with a steep -7.99% daily decline. The chart is overwhelmingly red, with sharp drops and no meaningful recovery, highlighting intense bearish sentiment.

Trade Setup (Short)

• Entry Zone: $0.290 – $0.295

• Stop Loss: Above $0.300

• TP1: $0.285

• TP2: $0.280

• TP3: $0.275 (extended target)

Market Insight:

High volume (137M SEI) on the plunge shows aggressive selling, with MA(5) well below MA(10). Bears dominate hold position under $0.30; a break of $0.2910 could lead to panic, but oversold conditions may prompt a quick bounce.

Buy and Trade $SEI here👇🏻