Peter Smith
SEI is having a rough time, and the charts don't lie. The weekly view tells the whole story - every time SEI tries to climb higher, sellers step in and push it back down. It's been stuck in this pattern for months now.
The Technical Breakdown
Trader Nebraskangooner recently highlighted how the token keeps getting smacked down at bear trend resistance, and nothing's changed.
The chart paints a pretty clear picture of what's happening here. The $0.35–$0.40 zone has become SEI's ceiling, and it's not a friendly one. Every time price gets close, it gets rejected hard, showing just how strong the bears are. Down below, $0.25 has been the main support holding things together, but it's been tested so many times that you have to wonder how much longer it can last. If that breaks, $0.20 is the next stop, and that's not pretty territory.
The moving averages are all pointing down, which basically screams "downtrend still active." The candlestick patterns show classic bearish behavior - lower highs, consistent selling pressure, and buyers who just can't get their act together. Volume trends aren't helping either, with most of the action coming from people looking to get out.
Why SEI Can't Catch a Break
This isn't happening in isolation. Mid-cap altcoins like SEI are getting squeezed as big money flows into safer bets like Ethereum and Solana. When liquidity gets tight, smaller projects get left behind, and that's exactly what's happening here. The on-chain data isn't encouraging either - adoption isn't growing fast enough to justify higher prices, which makes the technical weakness even more concerning.
For SEI to turn this ship around, they need to do more than just talk. Breaking and holding above $0.40 is non-negotiable - that's where the real resistance lives. Until that happens, this downtrend is alive and well. If $0.25 support gives way instead, we're looking at a potential drop to $0.20 or lower.
Bottom Line: SEI remains stuck in bear territory with no clear escape route. The $0.40 resistance level is the make-or-break point, but right now, sellers are calling the shots. Watch $0.25 support closely - if that goes, things could get ugly fast.
Peter Smith
