Market Overview and Technical Patterns
SEI faces tightened market conditions as price trades near the lower boundary of a developing falling wedge. Market sentiment shows mixed signals, with declining price action clashing against long-heavy positioning across major exchanges.
SEI forms another falling wedge on the 2-day chart as traders watch for a potential breakout signal.
Long-heavy positioning contrasts with increased long liquidations during extended sell-offs in the past 24 hours.
SEI enters a corrective phase as trading volume eases and price moves toward the lower range of its daily structure.
Falling Wedge Formation on the 2-Day Chart
The falling wedge pattern remains central to SEI’s structure, with ZAYK Charts noting that the asset is completing another compression phase. Prior wedges on the 2-day timeframe produced sharp upside breaks that carried price toward new short-term highs. This cyclical behavior forms the basis for expectations around a possible continuation of that rhythm.
The current formation shows declining highs converging with descending support, creating a clear structure. Repeated tests of the lower boundary have produced reaction wicks, reflecting buyers stepping in during pressured sessions. This mirrors earlier cycles, where similar compression preceded decisive upward movement once price broke through the upper line.
ZAYK Charts also marks an upside projection in the $0.47–$0.55 zone if a breakout confirms. This represents about a 100–150% move from present levels and aligns with earlier wedge resolutions that carried SEI toward higher liquidity pockets. Yet the asset still trades within the pattern, and confirmation will require a breakout candle with sustained momentum.
Current Market Conditions and Price Action
SEI trades near $0.1627 after an 8.58% daily decline, placing the asset in the lower part of its intraday range. Early weakness transitioned into sharper downward phases before price stabilized near its current level. This movement suggests steady sell-side activity through the session.
Market capitalization sits around $1.01 billion, consistent with the price slide. Circulating supply stands at 6.24 billion SEI out of a total of 10 billion, keeping valuation sensitive to broader market behavior during uncertain periods. Trading volume of $123.8 million reflects a moderate decrease of 4.65%, showing reduced activity while volatility persists.
Intraday chart action reveals lower lows forming as heavier selling appeared late in the cycle. Modest rebounds emerged but lacked strength to shift momentum. Volume increased slightly during the sharpest decline, indicating more active trading as price moved into deeper negative territory.
Leverage Positioning and Liquidation Trends
Long/Short data shows traders maintaining a bullish stance, with Binance ratios above 1.42 across accounts and top traders. These elevated readings suggest most participants expect upward movement. Top Trader Long/Short (Positions) remains above 1.12, showing experienced traders positioned for upside.
Liquidation data reflects a shift as timeframes extend. One-hour liquidations reached $3.57K with shorts leading, consistent with earlier upward pressure. The 4-hour window climbed to nearly $100K, again dominated by short liquidations as price briefly moved higher before additional weakness.
However, the 12-hour and 24-hour periods point to heavier long-side losses. Total liquidations hit $153.96K and $418.58K respectively, driven largely by long positions. This occurred during the deeper intraday sell-offs, showing how leveraged longs absorbed the majority of forced exits during market stress. The imbalance between long weighting and liquidation outcomes signals a fragile environment as traders await stability.