Karla Barker 
SEI is trading near $0.04 after a long slide, and the level is getting a lot of attention. The price has been forming a falling wedge, with lower highs and a slow drift toward the lower boundary around $0.039 to $0.040. So far, that zone is holding, but the bigger picture still looks bearish until SEI can clear some overhead supply.
The first hurdle is $0.045. Above that, the next supply area sits between $0.055 and $0.060. Then there is a larger resistance band from $0.065 to $0.078. These are zones where selling pressure has shown up before, so they are not going to be easy to break. The Supply and Demand CVD Flow indicator points to the same areas as important obstacles.
Momentum Is Improving, but Slowly
The RSI is around 40.67. That is better than the low levels seen during the recent decline, but it is still below the neutral 50 mark. A move above 50 would give a stronger signal that buyers are regaining control. For now, the price needs to reclaim $0.045 and get above the descending trendline before the recovery can turn into something bigger. Until that happens, the bounce off support is just a bounce within a larger downtrend.
Network Activity Shows Some Life
Network activity has picked up a bit. Daily active addresses are around 2.5K, after spending most of the week closer to the 1.5K to 2K range. Transaction counts have also been noticeable, with a seven-day total near 104.6K. That said, the daily numbers are swinging around quite a bit, so it is hard to call this a steady trend yet.
The increase in active addresses is a positive sign. It suggests that participation is starting to recover, but the move is still modest. If network usage keeps improving and the price holds $0.039 to $0.040, then the recovery setup gains more credibility. If not, it is just a short-term blip.
What to Watch
SEI is at an interesting spot. The support zone is holding, and network activity is better than it was a few days ago. But the path upward is blocked by multiple supply zones. The first test is $0.045. A clean break above that level could open the door to $0.055 and $0.060. Beyond that, $0.065 to $0.078 is the bigger challenge.
On the downside, losing $0.039 would be a bad sign. It would mean the support gave way and the recovery setup is no longer valid. The next few days should tell us whether the improving network activity can actually translate into price momentum, or if the downtrend continues to dominate.