Foreign media: After SEI holds the $0.04 level, focus shifts to the $0.045 resistance

According to foreign media, SEI has temporarily held the $0.039 to $0.040 area after consecutive declines, with the price currently still near the lower edge of a descending channel. On-chain activity has recently picked up, providing some support for a short-term recovery. However, whether the trend can further improve still depends on whether key resistance above can be reclaimed.

Active addresses are recovering

The article notes that SEI daily active addresses have recently risen to around 2,500, higher than the 1,500 to 2,000 range earlier this week. The on-chain transaction volume over the past 7 days is approximately 104,600, though daily figures still fluctuate noticeably.

This means on-chain participation is starting to improve, but the increase is not yet substantial. If these types of data can be sustained, it will better indicate demand is recovering. If on-chain activity continues to strengthen and the price holds the current support zone, the market's confidence in a recovery will solidify.

$0.045 is the first key level

In terms of price structure, SEI remains within a descending wedge, with recent lows near $0.039 to $0.040. The article considers $0.045 as the most immediate resistance; only after breaking through this level can a short-term rebound potentially expand further.

Above this, $0.055 to $0.060 is seen as the next major selling pressure zone. Higher resistance zones are distributed in the $0.065 to $0.072 range, as well as the $0.075 to $0.078 region. Selling pressure previously accumulated in these areas, so even if the price rebounds, the upward move may not be smooth.

Falling below $0.039 will weaken recovery expectations

In terms of momentum indicators, the article mentions an RSI of about 40.67, a recovery from previous lows but still below 50. This suggests that market sentiment has slightly improved compared to before, but bullish strength has yet to clearly dominate.

The article argues that if the price reclaims $0.045 and breaks the downtrend line, SEI could shift from a short-term rebound to a more complete recovery. Conversely, if it loses the $0.039 support, current recovery expectations will weaken, and the original downtrend may once again dominate the market.