𝐒𝐄𝐈 𝐏𝐫𝐢𝐜𝐞 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧: 𝐓𝐚𝐫𝐠𝐞𝐭𝐬 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐝 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤🔥💸🚀💥
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.
