Sei Price Prediction: SEI Faces Heavy Selling Pressure Near Key Support Levels

Sei Price Prediction analyzes the ongoing weakness in the coin, as the token remains under sustained selling pressure with price action pinned near multi-week lows.

Despite community optimism around long-term potential, short-term technical conditions remain fragile, reflecting a broader lack of buying interest and persistent dominance by sellers.

Trader Sentiment Divided as The Coin Holds Near Structural Support

On X, trader Muhammad Ajmal described the coin as “the safest play for 5x and 10x,” emphasizing long-term conviction despite ongoing price weakness. However, the accompanying technical commentary paints a more restrained picture of the coin’s current state.

Trader Sentiment Divided as The Coin Holds Near Structural Support

Source: X

At the time of writing, the coin was trading at $0.1794, marking a 1.10% intraday decline and reflecting continued price stagnation near its weekly lows. Chart analysis shows the coin trapped below a descending resistance line, with each upward spike met by renewed selling.

Key support remains anchored around $0.1794, just above a long-term pivot zone at $0.1647, while notable resistance levels are located at $0.2467, $0.3955, $0.7428, and $1.0351. These resistance zones represent previous rally failures, highlighting the technical barriers the coin must overcome to initiate a sustainable rebound.

Until SEI can decisively reclaim $0.2467 on strong volume, the prevailing structure suggests the path of least resistance remains downward. The persistence of lower highs and lower lows reinforces bearish control, with traders noting that attempts to trade minor bounces carry elevated risk within the ongoing downtrend.

Market Data Shows Decline in 24-Hour Performance

According to BraveNewCoin, Sei is currently priced at $0.17, reflecting a 5.69% decrease over the past 24 hours. The project maintains a market capitalization of approximately $1.08 billion, supported by a daily trading volume of $172.27 million and a circulating supply of 6.24 billion tokens.

Market Data Shows Decline in 24-Hour Performance

Source: BraveNewCoin

The coin ranks 104th by global market capitalization, with the decline underscoring reduced speculative interest and lower risk appetite among market participants. Despite its position within the top 150 digital assets, the token’s market performance shows signs of sustained fatigue, mirroring broader weakness across smaller-cap tokens.

Trading activity remains concentrated near the lower end of its recent price range, reinforcing the view that liquidity is consolidating as investors await directional clarity.

Technical Indicators Confirm Ongoing Bearish Momentum

At the time of analysis, the coin traded near $0.1727, representing a 4.43% daily decline. On the daily chart, the coin continues to hover near the lower Bollinger Band at $0.1577, with the basis line at $0.1856 acting as persistent resistance. The upper band sits at $0.2136, outlining the upper limit of recent volatility.

Technical Indicators Confirm Ongoing Bearish Momentum

Source: TradingView

This technical setup reflects sustained downward momentum, as SEI has repeatedly failed to break above its 20-day Bollinger Band median line. The RSI currently reads 39.58, remaining below the neutral midpoint of 50, though slightly above its RSI-based moving average of 37.11. This combination indicates weak momentum and a bearish bias, but without clear evidence of deep oversold conditions that might precede a reversal.

The contraction in RSI recovery and continuous rejection near $0.1856 suggest that sellers remain in control. The widening spread between Bollinger Bands also signals increasing volatility, a typical precursor to sharp continuation moves in the existing direction—currently downward.

Source: https://bravenewcoin.com/insights/sei-price-prediction-sei-faces-heavy-selling-pressure-near-key-support-levels