Technical analysis by taika808 about Symbol SEI: Buy recommendation (7/8/2025)

SEI/USDT is currently setting up for a potential higher low formation, but confirmation is still pending. The price action shows promise but requires patience for the setup to materialize.Current Situation:Price is testing the orange ascending trendline support around $0.21Waiting for a confirmed bounce to establish the higher lowThe projected path (pink arrow) outlines the anticipated bullish trajectoryKey Levels to Watch:Critical Support: Orange trendline around $0.21 (must hold)Confirmation Level: Clean bounce above $0.22-0.23Target: $0.33 resistance zone if higher low confirmsWhat's Needed:Strong rejection from current support levelsVolume increase on any bounce attemptRSI showing bullish divergence signalsRisk Factors:Break below orange trendline would invalidate the setupFailure to establish higher low could lead to further downsideMarket conditions may impact the pattern's successThis is a wait-and-see scenario where patience is key. The higher low formation will only be confirmed once price demonstrates clear rejection from support and begins moving higher.