Sei falls amid continued bearish pressure and limited recovery potential

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Sei drops 8.41% today to $0.04

Highlights

Sei Network has maintained over 10,000 daily transactions for 74 days, indicating robust ongoing user participation.
Transaction activity supports liquidity and ecosystem growth, but SEI price remains under widespread selling pressure.
SEI/USD trades near $0.04, with technical signals confirming strong bearish momentum and an expected range of $0.0365 to $0.0411 for the coming days.

Sustained network activity supports ecosystem despite selling pressure

Sei Network has demonstrated operational resilience with 74 straight days of surpassing 10,000 daily network transactions, according to Tronweekly. This period of sustained activity highlights ongoing user engagement and indicates demand for the blockchain's infrastructure. While this provides a supportive backdrop for liquidity and ecosystem development, price action has remained under broader selling pressure.

Bearish signals strengthen as price fails key technical levels

On the hourly chart, SEI/USD is trading below the MA-20 at $0.0418 and MA-50 at $0.0425, with the daily MA-200 at $0.0534 above current levels. Immediate resistance is identified at the Ichimoku Kijun level near $0.0423, while support is seen around $0.0365. Momentum indicators confirm strong bearish pressure: MACD and ADX maintain sell signals, the hourly RSI, Stochastic RSI, and CCI all remain in their respective oversold zones, and Bull/Bear Power is negative. The Awesome Oscillator also signals persistent downside momentum, aligning with high intraday volatility.

High risk of further declines pending support level breach

In the short term, SEI/USD is expected to remain within a range of $0.0365 to $0.0411 over the next two to three trading days. The probability of further downside is very high, while a meaningful rebound is considered unlikely unless the price breaks above the immediate resistance at $0.0423. A bearish scenario would be triggered by a close below the $0.0365 support level, increasing the risk of deeper declines.

Anton Kharitonov, analyst at Traders Union, notes that SEI remains under clear selling pressure, with price trading below all key moving averages and momentum indicators firmly bearish. Despite this, network activity data shows consistent user engagement and underlying demand for the Sei blockchain, which is a positive fundamental sign. However, the technical setup does not support a near-term rebound and highlights the elevated risk of further declines. "Until SEI reclaims resistance at $0.0423, I remain cautious and see downside risk as the dominant scenario."

Earlier, analysts noted that Sei was experiencing persistent bearish momentum, with technical indicators supporting further downside risks. The current analysis reinforces this view, as ongoing selling pressure and strong bearish signals make a break below the $0.0365 support level a critical downside risk for traders to watch.

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.