SEI’s user base has surged to over 600,000, with impressive transaction volumes. However, it faces significant resistance at $0.30, complicating bullish efforts. Recent trading indicates a downtrend, even as network fundamentals improve.
Negative funding rates reveal a bearish market sentiment, suggesting skepticism despite rising user engagement. If bulls can hold support and trigger a short squeeze, it could lead to an upward price movement.
Leave a Reply