According to external sources, SEI has temporarily secured areas of 0.039 to 0.040 dollars after successive backwardness, and prices are still close to the decline. The recent upturn in chain activity has provided some support for short-line repairs, but further improvement in the trend depends on the re-establishment of critical resistance above.
Active address resurgent
The article mentions that the number of SEI-day active addresses has recently risen to about 2,500, up from about 1,500 to 2,000 earlier this week. The total number of transactions on the seven-day chain is approximately 10.46 million, although single-day data fluctuations are still more pronounced.
This means that chain participation is beginning to improve, but the increase is not significant. If such data were to be maintained, it would be more indicative that the demand side was recovering. If the chain continues to be robust, while prices hold the current supporting areas, the market will have a firmer judgement of repair.
$0.045 is the first key.
In terms of price structure, SEI is still inside the lower wedge, nearing a low point of 0.039 to 0.040. According to the article, US$ 0.045 is the most immediate position of resistance, and short-line rebounds are only possible if this position is breached first.
On this, $0.055 to 0.060 is considered the next major discharge zone. The resistance in the higher position is distributed between 0.065 and 0.072 and 0.075 to 0.078. Prior pressure on sales had been concentrated in these areas, so even when prices rebounded, the upswing was not necessarily smooth.
Dropping at $0.039 will weaken recovery expectations
In terms of kinetic energy indicators, it is mentioned that RSI is about 40.67, which is up from lower than before, but is not back above 50. This indicates a slight improvement in market sentiment over the previous period, with less disproportionate power not yet leading more clearly.
According to the article, it would be possible for SEI to move from a phased rebound to a more complete recovery if the price was re-established at $0.045 and the downward trend line was breached. On the contrary, if $0.039 is lost, the current repairs are expected to be weakened and the original lower structure may again dominate.
