Sei (SEI) Could Face Further Decline – Technical Setup Points to Deeper Correction

The crypto market continues to experience selling pressure, as Bitcoin and Ethereum have both dropped over 5% in the past 24 hours. This decline has impacted other altcoins, with Sei (SEI) experiencing a significant drop of over 5%, adding to its already hefty monthly loss of more than 21%. Technical analysis suggests that SEI may be on track for another sharp downward movement.