SEI/USDT descending resistance breakout ahead? Sei analysis

6月6日

💎 Paradisers, #SEIUSDT is closely monitoring descending resistance while maintaining strong momentum within the demand zone, setting the stage for a potential substantial upward movement.

💎 A bullish confirmation would be indicated if #SEI breaks and closes above the supply level of $0.6761 on a daily chart, suggesting a continuation of upward momentum towards our specified resistance area. Alternatively, if #SEI fails to breach the $0.6761 resistance and encounters a strong rejection, indicated by a bearish candle, a retracement to lower levels may occur. In this scenario, the price might pull back to the demand area at $0.536.

💎 Should #SEI reach the key support at $0.4566, it would need to rebound and resume its climb to test the resistance once again. Given its track record of recovering from crucial demand levels, there's a chance that #SEI could repeat this pattern and advance further.


💎 It's imperative to remain alert and closely monitor #SEI's price movements. A breakdown below the support level, confirmed by a daily closure below it, would challenge the bullish scenario and could precipitate further declines.

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