BitSky000
07/27 08:54
$SEI Price Analysis: Descending Channel Signals Po
$SEI Price Analysis: Descending Channel Signals Potential Drop to $0.49
- $SEI trades in a descending channel, hinting at a potential drop to $0.49.
- The 10-day SMA acts as a resistance, guiding current bearish trends.
- Timing aligns with a global crypto dip, suggesting broader market influence.
Cryptocurrency enthusiasts are buzzing about $SEI following a detailed technical analysis shared by @ali_charts on X earlier today.
The post, highlights $SEI trading within a descending channel on a 3-day chart, a bearish pattern that often indicates a continued downtrend unless a breakout occurs. According to howtotrade, descending channels are reliable when price reversals consistently respect the upper and lower boundaries, a trend observed in the provided chart.The post, highlights $SEI trading within a descending channel on a 3-day chart, a bearish pattern that often indicates a continued downtrend unless a breakout occurs. According to howtotrade, descending channels are reliable when price reversals consistently respect the upper and lower boundaries, a trend observed in the provided chart.
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