Sei extends downward move as sellers maintain control despite oversold signals

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Sei slides 7.9% today to $0.0658

Highlights

SEI trades below short- and medium-term moving averages, confirming sustained selling pressure and a bearish intraday structure.
Momentum and oscillator indicators collectively show bearish signals and oversold conditions, with no clear bullish divergence present.
SEI fell 7.9% to $0.0658 and is expected to range between $0.0633 and $0.0683 over the next two to three days, with a very high probability of further downside unless price decisively clears $0.0689 resistance.

Oversold signals and bearish momentum intensify near resistance

On the hourly chart, SEI/USD is trading below both the MA-20 ($0.0695) and MA-50 ($0.069), with price action remaining above the MA-200 ($0.0539) on the daily timeframe. The Ichimoku Kijun at $0.0689 now acts as immediate resistance on rebounds. Momentum indicators signal weakness: MACD remains bearish, ADX is neutral, and multiple oscillators confirm oversold conditions—RSI at 32 (Sell), Stoch RSI, and CCI all in oversold territory, while Bull/Bear Power continues to reflect strong seller dominance. The Awesome Oscillator is also aligned with the ongoing downtrend, and intraday price action is characterized by persistent volatility, with no divergence detected.

Further downside risks amplified as volatility drives trading range

In the short term, SEI is expected to remain volatile within a range of $0.0633 to $0.0683 over the next two to three trading days. The probability of an upside breakout is very low, while a further decline below support at $0.0633 has a very high probability if selling intensifies. The base case sees SEI stabilizing within this range, with a bullish scenario only possible upon a decisive close above resistance at $0.0689.

Viktoras Karapetjanc, expert at Traders Union, notes that SEI is experiencing technical and sentiment-driven weakness, with oversold conditions dominating and no recent news to shift market sentiment. He sees sellers firmly in control for now, though long-term supports are holding up. If $0.0633 breaks, more downside is likely, but a bounce cannot be ruled out above $0.0689. "I remain constructive on SEI’s core value, and believe stabilization here could provide tactical opportunities for patient buyers."

Earlier, analysts noted that Sei was experiencing persistent technical weakness and remained under pressure amid a broader range-bound outlook. The latest analysis strengthens this view with fresh downside confirmation, highlighting $0.0633 as a critical support level for traders to monitor in the event of continued selling.

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.