Market Performance and Investor Interest
Despite recent fluctuations in the cryptocurrency market, Sei has quietly demonstrated promising signs of recovery. Trading at $0.1421 at the time this article was prepared, Sei has seen a 2.1% increase over the last 24 hours. Although experiencing a modest 2.3% weekly gain, the token has fallen 24% over the previous 30 days. However, this weak price trend is counterbalanced by a notable uptick in trading volume.
Significant Surge in Volume and Derivatives Market Insight
Sei’s 24-hour trading volume skyrocketed to $237 million, marking an astonishing 261% increase. CoinGlass data equally confirms activity ramping up in the derivatives sector: derivative volumes climbed by 202% to reach $400 million, while open positions rose by 8.7%. Typically, when both volume and open interest rise concurrently, it indicates the initiation of new positions and preparation for fresh movements, suggesting renewed investor interest in Sei following a prolonged lull.
Xiaomi Deal and Expansion into the Mobile Ecosystem
The reinvigoration of Sei’s momentum is primarily attributed to an extensive integration with Xiaomi. On December 10, the company announced that the next-generation finance application would come pre-installed on Xiaomi’s latest phones. This application will offer a hub for stablecoin payments, peer-to-peer transfers, and a variety of Web3 applications.
With 680 million global users, Xiaomi will distribute the Sei Mobile App as pre-installed software on all new phones outside China and the USA. This spans significant coverage from Europe and Southeast Asia to Latin America and Africa. Initial launch regions include Hong Kong and the EU, where users might start buying Xiaomi products and even its electric vehicles with stablecoins by Q2 2026.
Industry experts deem this partnership a rare “hardware-level deployment model” within the Web3 realm. This opportunity to reach millions of users without needing downloads signals substantial growth potential for Sei. Even with just a 10% activation rate, there could be 17 million new users annually. Sei’s team concurrently announced a $5 million mobile innovation fund and preparations for a “Giga Upgrade” to boost the network to handle 200,000 transactions per second.
Technical Outlook and Market Sentiment
On the technical front, cautionary improvement is evident. The persistent downtrend appears to be weakening, with prices closing above the Bollinger middle band for the first time in weeks. A steady climb in the RSI towards 48 supports the momentum. Short-term moving averages indicate a buy signal, whereas long-term ones remain weak, suggesting that the recovery process is in its early stages.
Currently, the $0.145–$0.146 range acts as a strong resistance zone. If surpassed, it might pave the way for a new area towards $0.17–$0.18. However, if prices drop below $0.135 again, it will signal that the recent surge in volume is unsustainable, bringing a bearish scenario back into consideration.
Broader Industry Trend: Mobile Integration
Recently, Solana also made headlines for mobile integration, with their Mobile team announcing an update to incorporate a Web3 wallet as a core component in new Saga models. This reflects a broader trend within blockchain projects focusing on hardware-level user acquisition.