Technical analysis by Kolrektor about Symbol SEI on 8/14/2024

Been an Investor on SEI since inception. From my standpoint, Sei's focus on optimizing trading infrastructure addresses a significant need within the decentralized finance (DeFi) space. If Sei can capture a substantial share of trading applications and DEXs, it could position itself as a vital infrastructure player in the blockchain ecosystem. However, as with all investments, it's essential to consider factors like market adoption, competition, technological advancements, and regulatory developments.The "Parallel chain" hype lasted 3-4months.Seiyans community was earning God-Tier from speculating parallel chain is the best vs modular and solana.As from this chart and upcoming unlocks (see pasted img) that unlocks everyday a 5M of SEI, idk what would be the move to continue supporting its price higher unless adoption comes over.A slow bleed to pre-breakout prices is imminent imo. Team behind is promising & real professionals. Would still buy on bleeds but it will not be a large portion of my portfolio "for now".(Sei is a layer-1 blockchain optimized for trading, providing a high-performance infrastructure designed for decentralized finance (DeFi) applications. It focuses on speed, scalability, and reliability, featuring a unique consensus mechanism and a sophisticated order-matching engine. This allows for efficient transaction processing, making it ideal for trading platforms and other financial applications.)