SEI currently lacks upward momentum, but the downward trend has clearly stopped.

After the initial distribution and decline cycle, the market has entered a phase of accumulation: the trend is slow, trading is light, and prices are consolidating—this is often a sign of a bottom forming.

Seemingly boring sideways consolidation is actually a reallocation of market forces. When a large amount of chips are absorbed at low levels and the bearish momentum gradually weakens, the conditions for a rebound are quietly maturing. This process from chaos to order is crucial for subsequent movements. Observing such pattern transitions on exchanges often indicates that the previous panic has been largely released.