Sei price is consolidating halt to the $0.12 level as traders brace for a $7 million token release and glance for indicators of a short-duration of time price shift.
- Sei trades halt to key $0.12 beef up as losses deepen on the weekly and monthly charts.
- Derivatives task rises whereas originate hobby slips, pointing to short-duration of time trading over conviction.
- A $7m token release on Dec. 15 provides halt to-duration of time force as price stays below resistance.
Sei changed into trading at $0.1249 at press time, down 1.4% everywhere in the last 24 hours, because the token endured to drift halt to key beef up before a scheduled provide liberate. Right by the last seven days, SEI has moved inner a $0.1241–$0.1477 differ and is now down 6.4% on the week.
Despite the indisputable truth that costs had been leisurely, trading task is selecting up. Sei’s (SEI) 24-hour quantity jumped 21% to $48 million, indicating tough hobby because the token tests beef up. Derivatives files from CoinGlass shows futures quantity leaping 41% to $125 million, whereas originate hobby fell 3.3% to $100 million.
This aggregate in most cases capabilities to short-duration of time traders growing task whereas positions are being closed, moderately than novel leverage constructing in one certain course.
Token release would possibly maybe maybe perhaps add force to Sei price
A original match would possibly maybe maybe perhaps build further force on the token. Based exclusively exclusively on Tokenomist files, 55.56 million SEI tokens, price about $6.94 million, are station to release on Dec. 15. The liberate portions to about 1.08% of the circulating provide, despite the indisputable truth that the group has but to ascertain the last limited print.
Within the past, such release occasions personal in most cases added short-duration of time force, as newly accessible tokens can trigger extra selling, in particular when costs are already on a downward vogue.
No matter the cautious tone, Sei has viewed quite a bit of developments that continue to shape its longer-duration of time story. Final week, the project launched a partnership with Xiaomi that will perhaps perhaps well seek a Sei-powered pockets and stablecoin finance app pre-installed on make a selection smartphones offered outside China and the USA starting in 2026.
Canary Capital has up-to-the-minute its filing for a staked SEI substitute-traded fund following regulator feedback, keeping the path to institutional publicity originate for next one year. Narrate on-chain is also selecting up, with decentralized exchanges and perpetual markets seeing extra circulation.
Sei price technical prognosis
From a technical level of view, SEI stays in a undeniable medium-duration of time downtrend. Ticket has endured to put up decrease highs and decrease lows for the reason that though-provoking breakdown from the $0.28–$0.30 zone.
The price is bouncing between $0.12 and $0.13 in contemporary candles, suggesting that selling force has subsided. Despite the indisputable truth that there would possibly maybe be some aid from this sideways circulation, the vogue hasn’t shifted decisively.
The Bollinger Bands enormously widened at some level of the sell-off, indicating the intense volatility that drove down costs. Since then, the bands personal began to fetch narrower, which indicates a decrease in volatility. The price is now shifting halt to the heart Bollinger Band.
This shows that investors are attempting to stabilize the market, but they haven’t gained stout succor a watch on. The 20-day shifting average has been keeping every rebound in check, performing as a undeniable barrier for now.
Volume confirms this picture. The ideal spike took space with the breakdown candle, marking a duration of heavy selling. Following that, trading has been extra uneven and subdued, indicating reluctance on all aspects.
The relative energy index sits around 40. It has been climbing from oversold phases halt to 30, suggesting that downward momentum is slowing moderately than gaining energy.
If SEI loses the $0.12 beef up on a day by day halt, plan back likelihood would possibly maybe maybe perhaps originate toward deeper lows because the discharge provides force. On the opposite hand, a sustained switch above the 20-day average, supported by rising quantity, would ease bearish succor a watch on and enable a short-duration of time recovery to fabricate despite the provision overhang.
