$SEI From 1.14 falling to 0.0395, many people jump to the conclusion that it’s “finished.” This is the easiest place to misread: it hasn’t collapsed—it’s gradually become less and less something people are willing to talk about. Now the intraday high-low range is only about 2% apart, and the daily trading volume has shrunk from 20–30M at the end of July to a little over 10M, yet the price is still inching downward. This kind of volume-contracted, slow bearish drift—what’s politely called “base building,” what’s bluntly called “the drop isn’t over yet”—looks identical on the chart.

What truly needs confirmation isn’t whether $0.039 can still hold, but which side the price chooses when the next surge in trading value comes. From late July to early August, when volume rebounded to those days of 28–34M, the price could stay sideways around 0.041–0.043. Then as volume decayed again to just over 10M, the price slid toward 0.0395. That relationship is very clear—volume comes before price. It’s just that a new signal hasn’t arrived yet. If the market continues to drift lower on no volume, then any “bottom catching” is only guessing the timing and the price; but if one day the daily成交金额 rises back above 20M, that’s when bulls and bears truly re-position. A volume expansion that closes the candle bullish—only then can you talk about support/resumption here. A volume expansion that closes the candle bearish—the downtrend enters its second leg lower.

One more thing: it’s currently 96.5% below ATH, meaning everything overhead is waiting “exit/relief” supply from trapped holders, and sell pressure on any rebound won’t be small.

So don’t rush to look for a “bottom signal” on $SEI . First wait for that volume. The bulls are betting on a volume expansion and a bullish close; the bears are betting on a volume expansion and a bearish close. Same data—different answers. Let the order book decide.