- TD Sequential flashed multiple buy signals, hinting at potential exhaustion of the selling trend near $0.32.
- SEI failed to break above $0.3230–$0.3259, while declining volume reinforces short-term bearish pressure.
- ADX at 34.9 shows trend strength, with downside risks targeting $0.3044 if $0.3170 support breaks.
SEI continued to struggle this week as the token traded below near-term moving averages around $0.3178. The asset displayed technical reversal signs, but bearish momentum persisted. Price action highlighted a mixed outlook as buyers attempted stabilization and sellers retained control.
TD Sequential Signals a Possible Reversal
The TD Sequential indicator flashed multiple buy signals, suggesting exhaustion in the selling trend. These signals marked a potential shift in momentum. The C13 and green “1” patterns supported the case for a rebound.
Price dropped from levels above $0.34 before finding stability near $0.32. Fibonacci retracement levels now highlight resistance between $0.325 and $0.33. Successfully reclaiming these levels could validate a short-term bullish scenario.
Projected recovery paths showed gradual advances with interim consolidations. Yet failure to hold above $0.3170 risks negating the bullish setup. Reversal signs remain visible, but confirmation is required.
Price Action Faces Strong Resistance
The token failed to break the $0.3230–$0.3259 resistance band. Continued trading below the 20- and 50-period moving averages reinforced short-term weakness. Selling activity remains the dominant force in current market conditions.
Volume analysis reflected this weakness. A spike on September 18 pushed SEI to $0.3393, but volume faded quickly afterward. Reduced demand limited momentum, keeping the price from sustaining higher levels.
Without stronger buying activity, consolidation is expected below resistance. The absence of volume leaves the asset vulnerable to extended bearish control. Recovery attempts face difficulty until demand improves.
ADX Confirms Bearish Strength
The ADX indicator currently stands at 34.9, showing a strong ongoing trend. The negative directional index holds above the positive index. This alignment confirms that bearish momentum continues to dominate.
Support levels are marked at $0.3227 and $0.3044, with $0.3170 acting as a critical pivot. Holding above these points could allow retests of higher levels. A breakdown could lead the token toward deeper retracement zones.
Resistance remains at $0.3393, and reclaiming this level is essential for shifting sentiment. Until then, bears retain the upper hand. Technical signals suggest SEI must regain momentum before a sustained reversal unfolds.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
