SEI Consolidates Near $0.125 as Technical Resistance and Declining Open Interest Signal Bearish Pressure

The price of SEI is consolidating near the $0.125 level, facing renewed downside pressure after repeated failures to break through a key resistance zone. The token has established a clear ceiling at $0.142, with multiple rejections on the 4-hour chart confirming strong selling pressure at that level. This has led to a sequence of lower highs and lower lows, indicating short-term bearish control.

SEI's price action follows a volatile period that included a sharp V-shaped recovery from around $0.118 to above $0.142, driven by a liquidity squeeze. However, momentum has since faded. Aggregated open interest (OI), which surged during the rebound, has been declining alongside the price pullback, suggesting traders are closing leveraged positions rather than establishing new ones. This cooling derivatives activity points to a market in a recalibration phase.

On-chain metrics show SEI trading with a market capitalization of approximately $804 million to $863 million and a 24-hour trading volume around $64 million. The token's fully diluted valuation stands at $1.26 billion, with 6.37 billion SEI in circulation out of a total supply of 10 billion. Technically, the daily chart confirms a medium-term downtrend from a peak near $0.39, with momentum indicators like the MACD showing weak bearish signals and the Chaikin Money Flow (CMF) remaining negative, indicating continued capital outflows.