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 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.
