Oct. 16 at 4:50 PM
📉
$SEI – Weekly Downtrend in Progress
Since peaking in 2024, it has consistently printed lower highs and lower lows, carving out a well-defined bearish channel on the weekly timeframe. This confirms a sustained downtrend with no signs of reversal yet.
🔽 Next downside target: If momentum continues, price is likely to break below the
$0.10 level, which would represent another ~50% decline and open the door to deeper retracement toward long-term support zones.
#ElliottWave #Altcoins