Sei Price Drops After Testing Key Resistance
Sei (SEI) price fell below $0.137 on Thursday after testing its resistance level the day before. Despite this drop, on-chain data and market sentiment remain positive. Trading activity is rising, supported by Sei’s major partnership with Xiaomi. This deal aims to boost Sei’s global use.
Sei Partners with Xiaomi to Pre-Install Crypto App
Sei announced a partnership with Xiaomi on Wednesday. Xiaomi will pre-install a crypto wallet and discovery app on all new smartphones sold outside mainland China and the US. The app will first launch in regions with strong crypto use, such as Europe, Latin America, Southeast Asia, and Africa where Xiaomi has many users.
The partnership also plans to add stablecoin payments to Xiaomi’s retail network. This move could help Sei grow its user base and increase real-world adoption. SEI token rose 5% on Wednesday after the news but lost momentum as the broader crypto market weakened following the US Federal Reserve’s policy update.
At its meeting, the Fed cut interest rates but indicated it might pause future cuts in January. Policymakers expect only a small rate cut in 2026. This cautious outlook pressured risk assets, including SEI, which traded down 6% to $0.137 on Thursday.
Sei Trading Volume Hits Two-Month High
Data from Santiment shows Sei’s total trading volume on exchanges within its network reached $209.92 billion on Thursday. This is the highest level since October 11. The rise in volume shows growing interest and liquidity in the Sei ecosystem, supporting a positive outlook for SEI.
Sei Price Outlook: Potential Rally If Key Levels Are Broken
Sei’s price is moving inside a falling wedge pattern seen since mid-October. It rose 5% on Wednesday, testing a key resistance near $0.150. This level aligns with the 50-day Exponential Moving Average (EMA) at $0.162 and the upper trendline of the wedge.
If SEI breaks and closes above $0.150 and $0.162, it could continue rising toward the next resistance at $0.217. The Relative Strength Index (RSI) is 45, showing slight bearish momentum, but the Moving Average Convergence Divergence (MACD) has a bullish crossover from late November.
If the price falls, SEI could decline toward support at $0.103.
