$SEI remains in a downtrend, recently breaking below its April low a clear sign of weakness. While this area could offer short-term support, there’s little evidence of a strong bullish response so far.

A relief bounce is possible, but momentum still favors the downside. Key resistance sits between 18.8 cents and 30.3 cents.

To suggest a potential shift, price would need to break above that zone with a clear 5-wave move. Until then, the structure remains bearish with no strong signs of reversal. #BTC86kJPShock