๐๐๐ ๐๐ซ๐ข๐๐ ๐๐ซ๐๐๐ค๐๐จ๐ฐ๐ง: ๐๐๐ซ๐ ๐๐ญ๐ฌ ๐๐๐ก๐ข๐๐ฏ๐๐ ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค๐ฅ๐ธ๐๐ฅ
On December 8th, we highlighted the potential for a breakdown in SEI, predicting a retest following its triangle pattern formation. Now, with the price action confirming our analysis, the breakdown target has been met. The price has dropped to around $0.3865, marking a 20.19% decrease. Our initial measured move target was between $0.44 and $0.45, and while the current price is slightly lower, the first target has been successfully reached.
Looking ahead, if the price continues to decline, the next key support levels are expected around $0.40, followed by further support at the 200-day moving average. These levels were previously identified as potential zones of interest if the price broke below the $0.50 mark, which has now occurred. Traders should stay vigilant, as further price movements are likely in the coming days, depending on market sentiment and volume.
As always, it's essential to monitor the charts closely and adjust your trading strategy accordingly. Remember to perform your own research (DYOR) as the cryptocurrency market remains volatile and subject to rapid changes. Staying informed and ready to act on new data is key to capitalizing on such opportunities in the market.
Stay updated and manage your portfolio carefully, as price action can shift quickly in the crypto space.
