Sei (SEI) is facing bearish pressure with a slight decline in its price, mirroring the overall market conditions and declining interest in the crypto sector. The SEI price over the last 24 hours is down by 4.22%, and over the last week it is also down by 3.32%.
At the time of writing, SEI is trading at $0.3258 with a 24-hour trading volume of $241.22 million, down by 10.32% over the last 24 hours. The token has a market capitalization of $1.99 billion, which is slightly down by 4.23%.
Source: CoinMarketCap
In general, the crypto market is experiencing sustained pressure with the bearish market conditions. This has impacted the overall market, including altcoins like SEI.
According to the data from Sei, the world’s leading digital payments company has collaborated with Sei, the blockchain designed to become global finance’s preferred settlement layer. PYUSD0 is now live on Sei, and token gains near-instant settlement, lower cost, and faster cross-border payments, efficiencies payment rails can’t accomplish.
This alignment is bigger than technology breakthroughs; it is a paradigm change for global payments with money moving around the world. Sei’s ultra-high performance architecture realizes millisecond finality and makes PYUSD0 a base for global payments in real time.
Also Read: SEI Price Eyes Upside Toward $0.75 as RWAs and Stablecoins Surge
The crypto analyst, Crypto Feras, revealed that a bullish pennant formation is emerging on the charts, a technical pattern recognized to mark the continuation of further upward movements following a strong rally. The traders are carefully studying the $0.49 level. Changing this area to support may validate the pattern and affirm buyers are about to take back the market.
Source: X
In case momentum perseveres beyond $0.49, subsequent upside targets come into consideration at $0.69 and $0.89 and are key areas of resistance whereby bulls can attempt to extend their gains. Such a scenario would add strength to arguments for a wider bullish trend and can cause renewed excitement amongst participants.
The Sei chart shows its price consolidating around $0.326, a step below the mid-Bollinger Band at $0.277, and capped by the upper band at about $0.389. The price has consistently rebounded from previous lows but is yet being resisted near the upper band. Bollinger Bands are tightening and indicating declining volatility and a potential breakout later on.
Source: TradingView
The RSI is 54.19, only mildly above neutral, and shows mild bullish pressure but is not overbought. The MACD is bullish, with the MACD line crossing above the signal line, but the histogram is minimal and suggests weak bull pressure. The market is moderately bullish and needs a stronger volume or breakout through resistance to confirm an uptrend.
Data from CryptoRank shows that 2024 began with a strong price surge with +13.3% in January and +28.4% in February, before falling in March (-1.52%) and in April (-33.8%). The losses continued through May (-6.80%) and through June (-33.2%) with lesser losses through July (-6.32%) and through August (-10.4%).
There was a dramatic rebound through September (+61.6%), followed by October (-16.2%) and an incredible close through November (+73.2%).
Source: CryptoRank
In 2025, performance started poorly with -16.2% in January, -24.3% in February, and -31.3% in March. April recovered with +23.3%, but May dipped again (-8.47%) before June saw the year’s peak (+45.1%). July held a modest +4.34%, August slipped (-3.11%), and September improved (+14.6%).
According to the data from CMC, community sentiment for SEI is based on 92.7K votes, with 85% being favorable. This is reflecting a very high level of optimism amongst voters. The majority anticipate the asset to go up.
Source: CMC
On the other hand, 15% are bearish, expecting decreases later. Though smaller, it indicates risk-averse views. This minority seeks downtrending market activity.
Also Read: SEI Price Outlook: Could This Altcoin Surge 10x in the Bull Market?
Also read: Crypto Advocate Bill Morgan Backs XRP Position; XRP Price Rally Ahead?
