SEI/USDT Break ATH! Bullish Momentum to continue upward ??
💎 SEI has recently demonstrated notable market dynamics by breaking out above the resistance, achieving an all-time high (ATH), indicating a bullish momentum for further upward movement. Currently, the price is undergoing a retesting phase at the previous resistance, which has now turned into support.
💎 If SEI successfully bounces off this support level, it validates the bullish breakout and suggests a continuation of the upward trend, probability of reaching new ATHs.
💎 However, if SEI fails to bounce and breaks down below the support level, it could signify a false breakout, leading to a bearish reversal. In this scenario, the price may decline towards the demand area.
💎 At the demand area, it's crucial for SEI to bounce and reclaim the support level to maintain the bullish momentum. Failure to do so may result in further downward movement towards the support zone or even lower if the support is breached.
💎 If SEI successfully bounces off this support level, it validates the bullish breakout and suggests a continuation of the upward trend, probability of reaching new ATHs.
💎 However, if SEI fails to bounce and breaks down below the support level, it could signify a false breakout, leading to a bearish reversal. In this scenario, the price may decline towards the demand area.
💎 At the demand area, it's crucial for SEI to bounce and reclaim the support level to maintain the bullish momentum. Failure to do so may result in further downward movement towards the support zone or even lower if the support is breached.
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