SEI has completed the projected return toward previous lows after rejecting the descending channel's midline, according to the October update. The next technical objective involves testing ch
SEI price action is approaching a crucial technical test after an extended decline, with the descending channel and recovery projections attracting renewed attention.
Vuori Trading's October 6 update maintains the original descending-channel trading plan. The analyst stated that the expected decline following midline rejection had completed. Attention has now shifted toward testing the channel's upper boundary.
Source: X
The chart shows SEI trading within a descending parallel channel since early 2024. Its yellow boundaries connect successive lower highs and lower lows. This structure has restricted recovery attempts throughout the extended downward movement.
Previous advances repeatedly encountered selling pressure near the upper boundary. Meanwhile, declines continued toward the lower boundary before attracting occasional buying. The latest projected movement places SEI near another potential turning point.
The token is around $0.04423, as indicated by the accompanying intraday data. It appears modestly higher for the 24-hour period with a gain of 1.18%. The trading volume, however, fell by 52.31%, reflecting less activity on that trading day.
The latest intraday snapshot shows the token trading around $0.04423. This represents a 1.18% increase over the reported 24-hour period. However, the advance has faced several interruptions from sellers.
Source: Coinmarketcap
SEI initially climbed from approximately $0.04342 toward $0.0443. Buying activity then accelerated, pushing the token toward $0.0452. That level attracted selling, forcing a retreat toward the $0.0444 region.
Another recovery attempt followed, although buyers failed to establish higher highs. Price subsequently moved sideways between approximately $0.0443 and $0.0448. During early November 10 trading, another decline approached $0.0439.
Buyers returned around that region and prevented a deeper retreat. The subsequent recovery carried the token toward $0.0445. Nevertheless, the latest reading shows prices struggling to maintain those intraday gains.
Trading statistics also reveal weaker participation behind the recovery. Market capitalization reached approximately $340.63 million, while daily volume declined 52.31%. Reported volume stood near $12.8 million, with a 3.79% volume-to-market-cap ratio.
The extended projection shows a possible 5-wave recovery sequence. The first wave is an advance followed by a second wave correction. Wave three bullifies a more forceful advance to higher levels.
Before the fifth wave goes up, there's a fourth wave of retracement. The sequence is intended to lead to the higher targets with some intermediate movements. Each projected wave depends on the preceding recovery maintaining its structure.
The local target section identifies an initial range between $1 and $2. Beyond that, the chart presents a higher objective around $5. Vuori Trading also maintains its broader 2–5 target range.
The graphic associates the upper projection with a potential 60X return. That figure remains a chart-based projection, not an established future outcome. SEI would first need to overcome substantial resistance before approaching those levels.
For now, the descending channel remains the central technical reference. A successful break above its upper boundary would change the longer-term structure. Failure could leave SEI trading within its established downward channel.
The immediate focus remains the channel top and October breakdown area. Those levels will determine whether the projected recovery gains technical confirmation. Until then, the 2–5 outlook remains conditional on further price development.
