SEI price prediction – Another 4% fall to follow its 5.5% loss? Maybe, but only if…
Main Idea
SEI's price has declined recently, facing resistance at $0.35 and showing potential for further drops, but long-term prospects may still offer buying opportunities.
Key Points
1. SEI's price dropped 5.5% in 24 hours, approaching a three-week low after failing to breach the $0.35 resistance level.
2. Despite a bullish breakout in late June and early July, SEI was halted at $0.37, with the CMF indicating continued selling pressure.
3. Swing traders might find a buying opportunity at the $0.31 demand zone, though a Bitcoin pullback could invalidate this setup.
4. The article highlights SEI's long-term bullish outlook but warns of short-term risks if the price falls below $0.3.
Description
Bullish order block at the range low was a strong demand zone which could see a positive reaction from SEI.
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