Sei price remains in a bearish weekly trend, trading under key technical indicators while showing early but weak signs of momentum recovery.
SEI price action is still controlled by sellers, with resistance limiting upside moves and support levels holding downside risk. However, the Mastercard partnership adds a positive long-term institutional outlook despite current market pressure.
Weekly Chart Structure Shows Persistent Bearish Trend
Sei price on the weekly chart remains in a strong bearish structure, trading near $0.0658 below the Ichimoku Cloud and Bollinger midline. The cloud stays red and descending, while resistance levels sit at $0.075, $0.083, $0.103, and $0.119.
Support zones remain at $0.058, $0.050, and $0.030 for downside protection levels. The Bollinger Bands show price rebounding from the lower band near $0.030 after extended oversold conditions.
Weekly candles indicate slowing bearish momentum, with short-term recovery attempts targeting $0.075 and possibly $0.10.
However, the Kijun-sen around $0.075 and cloud resistance near $0.103 remain major rejection areas for bulls currently.
Bullish reversal confirmation will depend on weekly closing prices rising beyond $0.075, a bullish cross of Tenkan Kijun lines, and a reversal of the cloud, which should rise to above $0.103-$0.119.
An increase in momentum will bring the next resistance levels to $0.12 and $0.20-$0.22. Failure to remain above $0.050 will prompt the SEI price to drop to $0.040 and possibly the $0.030 capitulation zone again.
Momentum signals show a weak recovery attempt
Meanwhile, on momentum indicators, the RSI (14) for Sei is currently at 36.85, whereas the RSI average is 30.04.
This means that momentum has recovered from being oversold but still lies below the 50 neutral mark. The buyers are trying to stabilize their position, although the bears still dominate the market.
MACD (12, 26, 9) has a histogram reading of 0.00684, MACD line of -0.02967, and signal line of -0.03651.
The upward movement in the histogram, this suggests that the downside momentum is reducing, and a potential bull cross-over formation is taking place. But as both lines are below zero, it shows the market trend is bearish.
Mastercard Partnership Signals Institutional Expansion for Sei
Despite the price action, Sei is set to become a member of the Mastercard Crypto Partner Program, marking a step towards increased cooperation between blockchain technology and financial institutions.
The goal of this partnership is to improve compatibility, increase compliance preparedness, and promote enterprise adoption of decentralized systems.
This will be followed by a joint research paper by Mastercard and Sei, focusing on the creation of new blockchain assessment models specifically designed for the financial industry.
The paper explores issues of scalability, security, and regulation to guide the adoption of blockchain technology by institutions around the globe. It could also help in sustaining the bullish trend in its price.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: SEI Price Prediction: Breakout Formation Targets $0.76 as Bulls Regain Control
