SEI price is trying to find stability after pulling back from its September rally, as new trading products and growing institutional interest draw renewed attention to the network.
Saphyre’s introduction of stock and commodity perpetual futures on Sei mainnet marks another development as the network explores opportunities to connect traditional finance with decentralized finance (DeFi).
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At press time, SEI is trading at $0.05784, representing a 1.37% gain over the last 24 hours. The token is still below the key resistance level at $0.06971, as traders assess whether buyers can recover momentum following several weeks of falling prices.
Also Read: SEI Price: 3 Major Catalysts to Monitor Following a 7.86% Decline
Why Is SEI Price Drawing Attention?
Saphyre’s introduction of stock and commodity perpetual futures creates an additional trading application for Sei. This development arrives as financial institutions and blockchain networks examine methods for bringing traditional financial products onto blockchain infrastructure.
In a separate update, Sei Network highlighted research conducted with Mastercard, noting that “TradFi and DeFi are closing the gap.” The research identifies developments including bank-governed on-chain venues, KYC-gated pools, and insured custody.
Together, these developments support a wider narrative of institutional adoption for SEI. However, their long-term impact on token demand remains unclear, and the announcements themselves do not establish that an immediate price recovery will occur.
What Does the SEI Price Chart Indicate?
The daily TradingView chart indicates that SEI has retreated after rising toward $0.08 in late September. Since then, the token has produced a sequence of lower highs, indicating that sellers remain active despite the recent positive daily candle.
SEI remains above the identified support at $0.04607 but below resistance at $0.06971. A sustained break above resistance could reinforce the recovery outlook, whereas a drop below support would leave the token vulnerable to additional losses.
Also Read: Sei Tokenized Asset Growth Accelerates as SEI Price Outlook Gains Attention
Can SEI Price Recover as MACD Loses Strength?
The Moving Average Convergence Divergence (MACD) indicator points to ongoing pressure on short-term momentum. The MACD line is approximately -0.00103, below the signal line at 0.00035, while the histogram stands at -0.00138.
This bearish setup indicates that the September rally has lost momentum. For the bullish outlook to become more convincing, buyers would need to reverse the indicator’s direction while also driving a stronger price recovery.
How Does DeFi Activity Shape the SEI Price Outlook?
According to DeFiLlama‘s data, Sei’s total value locked (TVL) is close to $31 million, whereas its stablecoin market capitalization stands at roughly $42 million. Both measures remain below their late-September highs, suggesting that capital locked in DeFi protocols and the stablecoin market capitalization have declined alongside SEI’s price retreat.
The dashboard further monitors decentralized exchange (DEX) volume and active addresses, providing additional indicators of network activity. A lasting recovery in these metrics could reinforce the argument for increasing ecosystem participation, though the chart by itself does not confirm a new rise in demand.
Also Read: SEI Network Supports Tokenized Funds From 6 Major Managers
What Does CoinGlass Indicate About SEI Price?
CoinGlass data indicates that open interest fell to approximately $70 million at the latest point shown on the chart, compared with late-September peaks exceeding $100 million. The simultaneous decline in open interest and price suggests that the amount of capital committed to outstanding derivatives positions has decreased.
Because funding-rate readings are unavailable, the data provided cannot determine the balance between long and short positions.
SEI’s next move will depend on whether buyers can defend $0.04607 and push the price toward the $0.06971 resistance level.
Saphyre’s launch and the Mastercard research reinforce the network’s broader institutional-adoption narrative, but technical confirmation and stronger ecosystem activity would offer more compelling evidence of a sustained recovery.
Also Read: SEI Price Outlook Turns Bullish as Sei Network Announces New Development
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
