
The broader crypto market remains under intense pressure as a tech-led global sell-off continues to weigh on risk assets. Amid the weakness, Bitcoin briefly slipped below the $60,000 mark for the first time since October 2025, triggering fresh volatility across the market. However, Sei price has attempted to break away from the bearish sentiment, surging over 9.41% to trade near $0.057, while daily trading volume jumped more than 123% to $61.26 million.
Despite this strong recovery, SEI remains under heavy bearish pressure on the higher time frame, making the sustainability of the current bounce uncertain.
The token has been trading within a rising parallel channel after enduring a sharp 37% correction earlier this month. Since then, SEI has formed consecutive higher highs and higher lows, signaling growing short-term bullish momentum. However, a similar setup in the past ended with a sharp rejection before reaching the key resistance zone near $0.08, accompanied by strong volume expansion. This leaves traders questioning whether SEI can finally break out of the pattern and reclaim the newly established resistance or if another pullback is on the horizon.
Sei is approaching a crucial resistance zone backed by heavy trading activity represented by the order blocks where large trader orders have been placed. With this, this range has also become a strong supply range represented by the Supply CVD box, where the selling has been aggressive. This key range lies between $0.065 and $0.078, just below the $0.08 mark, where sellers could once again regain control. At the same time, momentum indicators continue to support a bullish continuation.
The Relative Strength Index (RSI) remains on an upward trajectory, signaling strengthening buying momentum, while the Chaikin Money Flow (CMF) has surged sharply above zero, highlighting a notable influx of liquidity into the asset. Together, these indicators suggest the ongoing recovery may extend further. However, for the bullish case to strengthen, the SEI price needs a decisive breakout above $0.08 with rising volume. Failing to do so could keep the price trapped in a narrow consolidation range, delaying any larger breakout attempt.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP briefly touched $1.00 on Thursday before bouncing back, and the crypto community is as…
Michael Saylor and Strategy have become inseparable from the Bitcoin narrative. With holdings exceeding 847,000…
The broader crypto market remains under heavy selling pressure as risk assets continue to struggle…
Today’s Memecore incident is a stark reminder that leverage works both ways, and this time,…
Bitcoin Price has remained a hot topic as Bitcoin is trading around the $61,000-$63,000 range…
Bitcoin touched $58,035 on Thursday morning, its weakest level of 2026, as crypto markets continued…