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Now, let's dive into this chart analysis:
The SEI token is in a bearish trend and is currently close to the support range. A couple of weeks ago, SEI attempted to break the resistance trendline but was rejected.
With the current price action, it is likely to see SEI hitting the support range between $0.227 and $0.280.
A rebound is likely expected from the support range, potentially rallying to $1, the all-time high.
Key levels:
- Support/Accumulation: $0.227 to $0.280. - Primary Resistance: $0.32. - Target: $1. - Invalidation: A close below the support level.
DYOR. NFA.
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