$SEI SEI Network Bearish Flag ๐ฉ๐ | Downtrend Continuation & Sellers Dominating โ ๏ธ๐ป
SEI Network (SEI) is forming a bearish flag pattern on the charts, signaling a likely continuation of the recent downtrend ๐จ๐. After a drop, price is consolidating within a narrow channel, often preceding another leg lower โก๐ป.
๐ Technical indicators reinforce the bearish outlook: RSI is flattening ๐ฏ๐ชซ, showing weakening buying pressure, while the MACD has confirmed a bearish crossover ๐๐ป. These signs suggest sellers remain in control and further downside is possible if key support fails.
๐ฅ Volume analysis shows bearish momentum. Red candles dominate ๐ฅ๐ฅ, buy volume is declining, and sell pressure is increasing, aligning with the flag patternโs potential downward resolution.
๐ On-chain metrics support the negative trend. Whale distribution is active ๐ณ๐ค, and exchange balances are rising ๐ฆโฌ๏ธ, indicating that large holders may be preparing for further selling. Meanwhile, wallet growth is slowing ๐๐, reflecting reduced retail participation.
๐ฌ Social sentiment is cooling โ๏ธ๐ข. Community hype is fading, and discussions that previously fueled rallies are waning ๐ซ๏ธโ ๏ธ, making it harder for SEI to sustain upward momentum.
โ ๏ธ Traders should manage risk carefully โ๏ธ. Jumping into positions without confirmation could be risky, as the bearish flag signals continuation โณ๐ฐ. Patience and discipline are key in this market.
If the flag resolves downward, SEI could test lower support zones and extend its downtrend. Bears remain in control, and caution is advised ๐ป๐.
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐
