Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
SEI faces selling pressure – Is a recovery to $0.06 still possible?

SEI faces selling pressure – Is a recovery to $0.06 still possible?

CryptoNewsNetCryptoNewsNet2026/06/07 10:21
By:CryptoNewsNet
Back to the list

SEI faces selling pressure – Is a recovery to $0.06 still possible?

SEI faces selling pressure – Is a recovery to $0.06 still possible? image 0  ambcrypto.com 14 m
SEI faces selling pressure – Is a recovery to $0.06 still possible? image 1

$SEI’s price action is struggling to find support, with the $0.049 level broken. Selling pressure remains strong, and derivatives data show traders turning cautious. At press time, Open Interest (OI) has fallen 7% to $29 million, signaling capital is leaving the market rather than flowing in.

That wouldn’t be a big deal on its own. However, the situation involving bullish traders is the more significant issue.

SEI faces selling pressure – Is a recovery to $0.06 still possible? image 2 Source: Santiment

Bulls are being forced out

Long liquidations have been picking up as $SEI struggled to regain momentum. In the last 24 hours only, the network’s long liquidation amounted to $553.2k, which is significant compared to the volume of sellers forced out of the market.

Many traders were positioned for a rebound, but the recent weakness has forced some of those positions to close. As the number of liquidations increases, additional selling pressure is created, making it more difficult for the price to stabilize.

Over the last few sessions, this trend has become increasingly difficult to ignore.

SEI faces selling pressure – Is a recovery to $0.06 still possible? image 3 Source: Coinalyze

At the same time, participation is fading. The steady decline in OI suggests fewer traders are willing to stay exposed to $SEI at current levels.

Instead of buying the dip, many appear to be waiting for clearer signals before returning to the market. That hesitation is giving sellers room to stay in control.

What comes next for $SEI?

Currently, the bears have the upper hand. At the time of writing, the token price action was aggressively trading below the key Exponential Moving Averages (EMAs) supports.

Moreover, falling OI and rising long liquidations rarely form a bullish combination. Unless demand returns and liquidation pressure begins to ease, $SEI could remain vulnerable to further downside in the short term.

For now, traders aren’t focused on the next rally. They’re watching to see whether the market can finally find a reason to stop selling. In case the cards turn and bulls accumulate enough momentum, a retracement to fill the imbalance zone at around $0.06 cannot be overruled.

SEI faces selling pressure – Is a recovery to $0.06 still possible? image 4 Source: TradingView

Final Summary

  • $SEI Open Interest dropped to its lowest weekly level following the recent crypto shakedown.
  • Rising long liquidations are adding pressure as traders abandon bullish positions.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

From "chasing the light" to "going upstream toward the light"! Morgan Stanley asserts: In the tsunami of computing power, fiberglass fabric and copper foil ignite a super cycle in materials.

Morgan Stanley's latest research report points out that the global frenzy of AI infrastructure expansion is shifting from downstream GPU and wafer foundry to a comprehensive upstream spread in critical base material sectors.

智通财经2026/09/14 04:31
From "chasing the light" to "going upstream toward the light"! Morgan Stanley asserts: In the tsunami of computing power, fiberglass fabric and copper foil ignite a super cycle in materials.

As "AI slowdown" impacts the semiconductor sector, Goldman Sachs issues a bullish report! Target prices for the "Korean memory chip giants" indicate nearly 90% upside potential.

Goldman Sachs reaffirmed its “Buy” rating for the world’s two largest memory chip giants — Samsung Electronics and SK Hynix. Samsung Electronics continues to be on Goldman Sachs’ Conviction List.

智通财经2026/09/14 04:26
As "AI slowdown" impacts the semiconductor sector, Goldman Sachs issues a bullish report! Target prices for the "Korean memory chip giants" indicate nearly 90% upside potential.

Anthropic has been profitable for two consecutive quarters ahead of its IPO

Anthropic has achieved positive adjusted operating profit for two consecutive quarters, with Q2 revenue surging 14-fold year-on-year to $11.5 billion and annualized revenue reaching $65 billion. The gross margin exceeds 80%. The company has chosen to list on Nasdaq, with a potential valuation of up to $2 trillion. Dramatically, the CEO has made a rare call to slow down AI development just before the IPO. Analysts believe that balancing safety concerns with commercial competition will become the core challenge.

华尔街见闻2026/09/14 03:47