More decline or bounce pending? | $SEI
Possibility of new correction:
Several technical predictions anticipate a possible pullback towards $0.227–$0.262 if the support at $0.28 does not hold.
Technical indicators are neutral or slightly bearish; short-term traders should monitor a sustained close below $0.28 as a key signal.
Potential for recovery:
If SEI maintains support above $0.28, it could bounce towards $0.34–$0.36, and even explore levels of $0.40, especially if the Giga update materializes or there is momentum in on-chain / institutional adoption.
Yes, there is a risk of further declines towards $0.23–$0.26 if current support is broken, but if the project manages to maintain strength above $0.28 and is accompanied by catalysts, SEI could bounce towards $0.34 or more. Its technical structure and fundamentals remain robust, but the environment requires caution depending on momentum and buying volume.