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.
🔹 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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.