Loss of upward momentum weighs on Sei, sending price lower

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Sei drops 7.46% today to $0.0666

Highlights

Sei’s completion of SEIEVM migration and Giga upgrade on May 27, 2026, delivered significant scalability and utility improvements for the blockchain ecosystem.
Despite increased on-chain activity and user engagement following these upgrades, ongoing broad market selling continues to suppress SEI price momentum.
Technical indicators show mixed signals, with short-term bullish momentum countered by overbought conditions and longer-term bearish pressure, setting a probable $0.0640–$0.0720 trading range in the near term.

Network upgrades drive user growth but selling pressure persists

On May 27, 2026, ecosystem upgrades including the SEIEVM migration and the Giga upgrade were completed on the Sei blockchain, expanding network utility and scalability for developers and market participants. These enhancements drove a surge in on-chain activity, accompanied by increased trading volume as new users were drawn in. While these advances have supported a more active market environment, price action has remained under broader selling pressure.

Diverging momentum signals as oscillators warn of overbought risk

Technically, SEI is trading above the SMA-20 ($0.0651) and SMA-50 ($0.0609), but remains notably below the SMA-200, which is set at $0.0904. The Ichimoku Kijun level at $0.0688 highlights immediate resistance, while the $0.0640 area emerges as key near-term support. Momentum readings are mixed: daily MACD and ADX have issued 'Buy' signals, while the RSI stands at 57 and CCI is around 58, both supporting possible further upside. However, the Stoch RSI is fully overbought at 100, indicating stretched conditions. BBP points to persistent buyer dominance, yet with the Awesome Oscillator still backing the prevailing trend, divergences between oscillators flag caution for sustained bullish follow-through as the price consolidates near the lower end of today's volatile range.

Limited upside as low bullish odds favor further decline

Over the next five trading days, SEI is expected to move within a typical volatility band of $0.0640 to $0.0720. The probability of a price increase is considered very low (below 20%), making further downside the likelier scenario. The baseline view calls for sideways movement within this corridor as mixed momentum indicators cap conviction. A bullish scenario would require a decisive break above $0.0688, opening room to retest the upper range near $0.0720, while a failure to hold support at $0.0640 could expose the market to new lows amid ongoing selling pressure.

Anton Kharitonov, expert at Traders Union, sees continued technical and fundamental pressure on SEI despite active ecosystem upgrades. He notes key moving averages still point to a challenging environment, with bullish sentiment capped by mixed indicator signals and persistent selling. The analyst expects sideways action unless $0.0688 is reclaimed decisively, while a failure at $0.0640 would reinforce the downtrend. "Sideways chop is my base case — until SEI breaks through resistance or loses key support, I stay defensive on the outlook."

Earlier, analysts noted that Sei was likely to remain in a consolidative phase as mixed momentum signaled cautious sentiment and limited upside. The recent ecosystem upgrades and ongoing divergence among technical indicators reinforce this outlook, with traders now advised to focus on whether SEI can maintain support at $0.0640 amid broader market pressure.

Source of Data: SEI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.