<ul><li>SEI demonstrates a descending triangle pattern, indicating a continuation of the bearish trend.</li><li>A crucial support level at $0.4659 was breached, suggesting the potential for further price declines.</li><li>The $0.3600 to $0.3300 range is noted as a significant support zone that could dictate future price movements.</li></ul>Sei, a Layer 1 project, continues to struggle as crypto analyst Nebraskangooner <a href="https://x.com/Nebraskangooner/status/1800631797304209764" rel="noopener noreferrer nofollow">details</a> a bleak technical outlook. The trend has been notably bearish since hitting early highs in February 2024, with a consistent pattern of lower highs and lower lows signaling potential further losses.The analysis shows a descending channel formation starting in April, pointing to sustained seller control. This pattern indicates reduced buying interest at higher prices and is typically a bearish indicator.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeY0uMG1sEkPyuf9_GQs7ABJ7MmeyEVyaaBcXE42Goo76aZN_Pijchyn0pcuEpdNpQZLb7P8TDIpgq5Ry-0o7bv3HAJgB7Wev7dJLggxIIdkp29wH1Au6NeF2pvhPb7XZFh2C2mTTlqzp_1xoAph5fLdUvc?key&#61;ePLRFWu-tYEtIl_z1dvBYg" />Following this trend, SEI&#39;s price recently fell below the critical support level of $0.4659, which had previously acted as a robust rebound base. This breach could pave the way for further price drops unless SEI reclaims this level quickly.<a href="https://cryptotale.org/analyst-sees-seis-potential-drop-eyes-key-support-levels/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Analyst Sees SEI’s Potential Drop, Eyes Key Support Levels

CryptoTale

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