The fall of SEI price : Is recovery still possible ?
On April 2nd, SEI announced the launch of the Sei Development Foundation, a non-profit organization based in the United States aimed at accelerating growth and awareness of the Sei protocol. This initiative aims to provide strong financial and technical support to developers building on the blockchain, fostering innovation and adoption.
By establishing this foundation in the United States, the L1 blockchain positions itself as a key player in the evolution of the regulatory and technological landscape, which could enhance investor confidence and long-term growth of the ecosystem.
SEI Facing Demand Zone After Failed SUI Fractal Tracking
Initially, the token tracked SUI price movements, displaying a similar breakout pattern. However, SEI faced rejection at the $0.73 price level on December 4th (marked in red), leading to a sharp drop.
Unlike SUI, which gained 222% after breaking through a key resistance level, the token failed to sustain its momentum, resulting in a 77% drop. The token has now entered a critical demand zone between $0.24 and $0.10, currently trading around $0.16.
SEI : Will It Bounce Back ?
This is a crucial juncture. Historically, demand zones like this have triggered strong rebounds when buyers stepped in. If SEI can hold this support level and reclaim its 100-day Moving Average (100D MA), it could signal the beginning of a bullish reversal.
A breakout above the $0.24 resistance with significant volume could attract renewed buying interest and push the price higher, potentially mimicking SUI’s previous surge. However, a failure to hold this demand zone could result in further declines, especially if market conditions remain bearish.
The next resistance levels are at $0.17, $0.19, and $0.21 for the token. Reaching the latter corresponds to a rebound of around 30%.
Is It Worth Investing Now ?
With the introduction of the Sei Development Foundation, market sentiment could turn positive, potentially helping it regain momentum. Traders should closely monitor price movements and exchange volumes in the coming days to confirm a possible reversal.
Although the cryptocurrency market has seen a tough start to the year, with a significant drop in SEI price, the latest developments, especially the establishment of the Sei Development Foundation in the United States, offer promising prospects for a potential rebound.
Here is a practical guide to purchase SEI on the Weex exchange:
- Create a Weex account
Visit the official Weex website and sign up with your email or phone number. - Verify your identity (KYC)
Complete the KYC verification by submitting an ID document and, if required, a proof of address. This quick step is essential to start trading and investing. - Add funds
In the “Deposit” section, fund your wallet with cryptos (USDT, BTC, etc.) or via fiat (credit card, bank transfer, depending on availability). Follow the instructions to finalize the deposit. - Access the spot market
Go to “Spot Trading,” search for “SEI” in the dedicated bar, and select the SEI/USDT pair to open the trading interface. - Make the purchase
Choose a market order for an instant purchase or a limit order to set a specific price. Indicate the desired quantity of SEI, review the details, and confirm your transaction.
