Is Sei’s Potential Rebound Just Getting Started? A Look at Key Support and the Falling Wedge Pattern

Following Friday’s market-wide bloodbath triggered by President Trump’s announcement of a 100% tariff on goods from China, cryptocurrency prices experienced their largest ever liquidation, wiping out over $19 billion in just 24 hours. The SEI token was particularly affected, crashing to its all-time low and then rebounding to around $0.2065. Notably, this rebound occurred precisely from a key support level that could play a significant role in shaping SEI’s future trajectory. Despite the sharp drop, this area of support has remained intact, suggesting sellers might be losing momentum while early buyers begin accumulating again.