#CryptoCharts101

#CryptoCharts101 $SEI

🔍 Accurate technical analysis for SEI

Current price: $0.1870

1. General trend (Trend)

The currency is undergoing a downward corrective phase in the short term after failing to stabilize above $0.20.

It is currently trading near a strong support area, making it a potential accumulation phase.

2. Support and resistance levels

Strong support: 0.18$ (previous bounce area + psychological support)

First resistance: 0.195$ (previous rejection level)

Next resistance: 0.21$ (previous peak and psychological resistance)

3. Technical indicators

RSI: around 43 → indicates moderate selling pressure but has not reached oversold conditions.

MACD: still below the signal line but showing a slowdown in downward momentum.

4. Future outlook

Stabilizing above 0.18$ may provide a boost for a bounce towards 0.195$ then $0.21.

Breaking support at 0.18$ may push the price to test $0.165.

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🎨 Chart description with colors

Blue candles: current price on the daily timeframe.

Green line: support level at $0.18.

Red line: first resistance at $0.195.

Orange line: next resistance at $0.21.