$SEI is down 35% in a month, down 70% on the year, and sitting just 18% above its all-time low. A token unlock is coming. Floor or trapdoor? 🚨
Sei is trading around $0.045 on a market cap of about $300M, after losing roughly 9% to 11% this week. It's the kind of chart where every bounce has been sold, but a network upgrade proposal just hit a key voting milestone. 👀
Levels I'm watching:
🟣 $0.0527: where it traded a week ago, the big hurdle
🔴 $0.0475: bounce high, first hurdle to reclaim
🟢 $0.0450: 24-hour low, bulls must defend it
⚠️ Lose $0.0450 and the August low near $0.0382 opens up
The next fixed date is a token unlock on November 15, and daily on-chain activity is still low, so I'm treating any bounce as a trade, not a hold.
My plan: no catching the knife. I want a daily close above $0.0475 before I get bullish, and I'm out if $0.0450 breaks.
Last stand or lower low? 👇
#SEİ #Sei #crypto #cryptotrading #altcoins
@Ismeidy @BitEagle News @Wise Analyze
Sei is trading around $0.045 on a market cap of about $300M, after losing roughly 9% to 11% this week. It's the kind of chart where every bounce has been sold, but a network upgrade proposal just hit a key voting milestone. 👀
Levels I'm watching:
🟣 $0.0527: where it traded a week ago, the big hurdle
🔴 $0.0475: bounce high, first hurdle to reclaim
🟢 $0.0450: 24-hour low, bulls must defend it
⚠️ Lose $0.0450 and the August low near $0.0382 opens up
The next fixed date is a token unlock on November 15, and daily on-chain activity is still low, so I'm treating any bounce as a trade, not a hold.
My plan: no catching the knife. I want a daily close above $0.0475 before I get bullish, and I'm out if $0.0450 breaks.
Last stand or lower low? 👇
#SEİ #Sei #crypto #cryptotrading #altcoins
@Ismeidy @BitEagle News @Wise Analyze
