SEI Flashes Strong Buy Signal: TD Sequential Hints at Potential Rebound

Key Insights:

• SEI's TD Sequential buy signal points to a possible trend shift, with strong buying pressure at recent lows.

• A breakout above the descending trendline could confirm bullish momentum, while holding below may trigger another support test.

• Renewed demand as recent price action signals a potential recovery from the ongoing downtrend.

SEI has shown signs of a possible rebound after the TD Sequential indicator issued a buy signal on the daily and weekly time frame. The latest price action suggests that the asset is recovering from a previous downtrend, with strong buyer support at lower levels.

Daily Chart Signals a Possible Reversal

Market analyst Ali Charts stated that the TD Sequential indicator indicated a buying signal on the daily time frame of SEI. The recent candlestick closed at $0.1919, up 5.73% from the last session.

The price opened at $0.1814, touched a high of $0.1926, and saw a low of $0.1717. A long lower wick on the latest candle shows rejection at lower prices, indicating strong support from buyers.

Source: Ali Charts

A "9" label on the timespan marks the completion of a TD Sequential cycle, which typically appears after extended downtrends. Before this, SEI experienced sustained selling pressure, forming lower highs and lower lows. The price tested a support level before bouncing back, suggesting a shift in momentum.

A descending trendline on the daily timespan indicates continued bearish control. A breakout above this trendline could signal a shift, as the most recent candle's long lower wick suggests renewed demand. Buyers pushed the price higher, forming a white candlestick that closed above the prior session’s open, indicating increased interest.

An upward-pointing arrow aligns with the price recovery from recent lows. The asset had been in a downward trend but stabilized before showing signs of a reversal. If the price breaks above recent highs, a bullish continuation may follow. If it fails to hold current levels, another test of support is likely.

Weekly Chart Reinforces Buy Signal

Ali Charts also reported that the TD Sequential indicator issued a buy signal on the weekly chart, further supporting a potential reversal. The most recent weekly candlestick closed at $0.2410, representing a 7.21% increase from the previous session.

The price opened at $0.2248, peaked at $0.2499, and fell to a low of $0.2158. A long lower wick on the latest candle confirms rejection at lower levels, showing strong buying interest.

Source: Ali Charts

A "9" label on the weekly timespan marks the completion of a TD Sequential cycle. The asset had been in a prolonged decline, forming lower highs and lower lows before testing a critical support zone. Recent sessions indicate that the market is attempting to stabilize, with renewed buying pressure visible in the price action.

Green arrows labeled "S13" and "A13" appear below recent candlesticks, suggesting points of accumulation. The price tested these levels before rebounding, reflecting increased demand. These markers align with historical patterns where short-term recoveries followed extended declines.

Further tracking of the market, a lower boundary on the timespan acts as trendline support, and SEI traded near this level before moving upward. The asset remains in the process of consolidation, whereby market participants are analyzing possible breakdown or breakout conditions.

While recent price action is spectacular, overall trend remains unbroken. Breakout above key resistance levels may be a signal for a reversal of momentum, and inability to hold current levels can lead to another test of support.

Market Trends and Price Behavior

The recent price structure shows ongoing competition between buyers and sellers. The long lower wick on the latest candles suggests strong lower-level demand. The descending trendline on the daily time frame indicates that sellers remain in control. A breakout above this trendline is needed to confirm a momentum shift.

Trading volume is not displayed on the time frame, but price movement suggests renewed interest in SEI at lower levels. A confirmed breakout above recent highs could indicate a bullish continuation. If the price fails to sustain its current position, another test of support may follow.

Analysts note that the broader market conditions and sentiment will influence the next price movement. The asset remains in a downward trend, with buyers attempting to regain control. Traders will monitor upcoming sessions for confirmation of potential trend shifts.