SEI/USDT Technical Update

$SEI has formed a consolidation pattern on the 4-hour chart, which indicates structural accumulation rather than weakness. The price remains firmly above the key demand zone of $0.115-$0.11, continuously forming higher lows, which fully demonstrates that buying interest is present and respecting previous support levels.

From the retracement of the previous high, this looks more like a buildup phase. Multiple touches of the key support zone without breaking it, combined with volume confirmation, suggest that the market is gathering strength for the next upward move. In the short term, keep an eye on whether this support area continues to hold—if it breaks upward, a new upward trend may begin. Conversely, a loss of support below this level is a warning sign that needs attention.