As traders anticipate Sei Network’s upcoming token unlock, SEI is trading at $0.2243, down 0.3% over the past 24 hours. The token has fallen 20% in the last week and 33% over the past month, reflecting growing caution across mid-cap altcoins.
Spot activity appears muted, with 24-hour trading volume declining 13.3% to $177.86 million. Derivatives data from CoinGlass shows open interest rising 1% to $130.08 million, while volume slipped 11.8% to $307.06 million. This suggests traders are opening positions more cautiously—likely hedging or shorting ahead of the unlock rather than taking fresh long positions.
Sei Token Unlock Pressure Mounts
On Oct. 15, 55.56 million SEI, worth roughly $12.54 million, is set to unlock, representing about 1.15% of the circulating supply, according to Tokenomist. While the proportion is modest, unlock events often trigger short-term price pressure, particularly when sentiment is fragile. Traders typically de-risk or short ahead of time, which can lead to temporary selloffs. Selling could intensify if the new tokens flow to early investors or contributors before stabilizing.
Despite near-term headwinds, Sei’s ecosystem shows resilience. The launch of Yei Finance’s governance token, CLO, on Oct. 14 has added a fresh narrative, with Yei Finance holding 47% of the network’s total value locked. Upcoming Q4 upgrades—including isolated risk pools and enhanced oracle feeds—may strengthen Sei’s DeFi appeal, driving protocol usage and network activity.
Meanwhile, Sei’s Giga Upgrade, expected later this year, is drawing developer attention with tests showing speeds up to 200,000 transactions per second and sub-400ms finality. Successful previews or test results could reignite bullish sentiment for trading, gaming, and RWA applications.
Sei Price Technical Analysis
Technically, Sei appears cautious. The 50-day SMA at $0.2904 and the 10-day EMA at $0.2429 serve as overhead resistance, with the token trading below all major moving averages, highlighting potential near-term pressure.
The relative strength index (RSI) sits near 35, signaling that Sei is approaching oversold conditions, though not yet in a reversal zone. Momentum and MACD indicators remain in bearish territory, indicating continued selling pressure.
Bollinger Bands suggest declining volatility, implying that the upcoming token unlock could trigger a decisive move—either a relief bounce or further decline. Key support is near $0.20, a level tested multiple times over the past week, while resistance is around $0.27.
If Sei can weather the unlock without heavy selling, a rebound toward $0.26–$0.28 is possible. Conversely, failure to absorb the unlocked supply could see the price retesting the $0.19 range before stabilizing amid prolonged weakness.
