SEI has been in a sustained bearish structure, trading inside a descending broadening wedge after losing its previous bullish range. The recent price action shows compression near a critical horizontal support zone while price remains below the descending resistance trendline.
A potential inverse head and shoulders structure is attempting to form inside the lower part of the wedge. However, price is still capped by the falling resistance, making this area a high risk zone rather than a confirmed reversal.
If SEI manages to reclaim the descending trendline and hold above the neckline area, a recovery move toward the mid range and higher resistance levels becomes possible. This would signal a structural shift from bearish continuation to short term trend stabilization.
On the downside, failure to hold the current support could trigger another leg lower toward the lower boundary of the wedge, completing the bearish continuation before any meaningful recovery attempt.
This zone is critical. The next reaction will likely define whether SEI stabilizes or extends the downtrend further.
@Sei Official $SEI #Seitastic #sei