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$SEI saw a short term bounce that got rejected just below the $0.086 - $0.095 resistance zone, pulling price back down to retest the $0.05 support level!
This is the second test of that support, the more it gets tested, the weaker it becomes, and a breakdown remains a real risk depending on BTC's next move!
For a bullish structure to develop, the $0.086 - $0.095 range needs to flip from resistance into support. Until then, the outlook stays cautious!