{"content":"$CFX SEI Charts Bearish “M” Pattern 📉⚠️ | Market Sentiment Turns Cautious 🐻 SEI — the high-speed Layer-1 blockchain designed for trading efficiency 🚀📊 — is flashing a classic bearish M pattern on the charts, a technical formation that often signals upcoming downside momentum. After an impressive rally in past weeks, price action now hints at potential weakness as sellers step in at critical resistance levels. 📉 Chart analysis reveals the double-peak structure typical of an “M” pattern 🅼🔍. The first peak was met with strong selling pressure, followed by a short-lived rebound, and now the second peak is forming with weaker volume 📏📊. RSI is slipping from overbought levels 🎯🔻, and MACD shows a bearish crossover 🔄🚨. Price is also struggling to hold above its 50-day moving average, a sign of fading bullish control. 💼 On-chain data paints a similar picture. Exchange inflows for SEI have ticked up 📈🏦, indicating traders may be preparing to sell into strength. Whale wallets 🐋📦 have reduced large buys — a move that previously preceded corrections in BTC 🪙⚡, ETH 💎📊, and SOL 🏎️🔥. 📢 On social platforms, sentiment is shifting. Hashtags like #SEI, #BearishM, and #CryptoSelloff are trending 📉🚨 on X (Twitter), with technical analysts warning that a confirmed breakdown below the neckline could accelerate the drop. Many traders are now eyeing lower support zones for potential entries rather than chasing highs. ⚡ Market-wide conditions add to the bearish bias. Bitcoin is facing resistance at key levels, and altcoin liquidity remains thin, making riskier assets like SEI more prone to sharper moves. In uncertain conditions, traders often rotate into stablecoins 💵🛡️ or large-cap coins for safety. {spot}(CFXUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/16/3fec20cc9df54707a1fdc805a3ac5914.jpg"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}