Sei sees a dip — What is pressuring the token
Sei (SEI) is currently trading at $0.0646, showing a daily decline of 10.15%. The price remains below key moving averages — MA-20 at $0.0723, MA-50 at $0.0915, and MA-200 at $0.1822 — indicating persistent downside momentum.
Highlights
- Ledger Enterprise has added native support for Sei Network, offering institutional-grade custody, multi-signature governance, and audit trails for Sei tokens.
- This infrastructure expansion comes ahead of Sei’s Giga upgrade and recent integrations with BlackRock, Ondo, and native USDC, amid continued selling pressure.
- SEI trades at $0.0646, below all key moving averages, with unanimous ‘Sell’ momentum indicators and a projected downside range of $0.0446–$0.0580 for the coming week.
Institutional features expand as selling pressure dominates
Ledger Enterprise added native support for Sei Network, enabling institutional-grade custody features for Sei tokens. Institutions now have access to multi-signature governance, role-based access controls, and audit trails through Ledger’s web interface. This expansion of Sei’s institutional infrastructure precedes the network’s Giga upgrade and follows earlier integrations with tokenized treasury products from BlackRock and Ondo as well as native USDC from Circle, though price action has remained under broader selling pressure.
Fading support as price slips beneath technical boundaries
SEI’s price of $0.0646 remains below the MA-20 at $0.0723, MA-50 at $0.0915, and MA-200 at $0.1822, indicating persistent downside pressure across short-, medium-, and longer-term timeframes. The nearest dynamic resistance is found at the Ichimoku Kijun level of $0.0786, while downside levels are currently undefined by Ichimoku, signaling fading support beneath the market.
Previously it was reported that Sei is trading just below key short-term moving averages and remains well below its longer-term averages, highlighting persistent selling pressure and a sustained downtrend. Despite a notable daily gain and oversold readings from momentum indicators like RSI and CCI, bearish momentum dominates, with oscillators showing divergence and high volatility signaling potential for a short-term bounce amid broader weakness.
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