{"id":12070,"date":"2025-09-29T19:01:06","date_gmt":"2025-09-29T19:01:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sei-price-nears-bearish-breakout-as-transactions-plunge-87\/"},"modified":"2025-09-29T19:01:10","modified_gmt":"2025-09-29T19:01:10","slug":"sei-price-nears-bearish-breakout-as-transactions-plunge-87","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sei-price-nears-bearish-breakout-as-transactions-plunge-87\/","title":{"rendered":"Sei price nears bearish breakout as transactions plunge 87%"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Sei price has crashed to an important support level and formed a descending triangle as the number of transactions and active addresses plunged in September.<\/p>\n<div id=\"cn-block-summary-block_d8999c0c93262fe6198845b5ec75c27a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Sei crypto price has formed a descending triangle pattern.<\/li>\n<li>The number of transactions plunged by 87% in the last 30 days.<\/li>\n<li>Sei\u2019s unique active wallets fell by 20% in the same period.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Sei (SEI), a popular layer-1 network, plunged to the key support at $0.2645, its lowest level in August and September this year.\u00a0<\/p>\n<p>Data compiled by Nansen show that the number of transactions plunged by 87% in the last 30 days to 57 million. This crash makes it one of the worst-performing chains in September.<\/p>\n<p>The data show that active addresses dropped by 24% to 13 million. Also, fees dropped by about 12% to just $16,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Sei\u2019s performance in the gaming market, where it dominates, also deteriorated. According <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dappradar.com\/chain\/sei\" target=\"_blank\" rel=\"nofollow\">to DappRadar<\/a>, the number of unique active wallets dropped by 20% in the last 30 days to 13.45 million.\u00a0<\/p>\n<p>More data shows that its total value locked plunged by 17% in the last 30 days. Most notably, Sei\u2019s stablecoin <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/stablecoins\/Sei\" target=\"_blank\" rel=\"nofollow\">supply dropped<\/a> to $140 million, its lowest level since March and much lower than the year-to-date high of $296 million.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Sei price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Sei price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the Sei token price peaked at $0.3895 in July and then dropped to a low of $0.2645. It has crashed below the 50-day exponential moving average.<\/p>\n<p>Sei crypto price has formed a descending triangle pattern whose support is at $0.2645. This is one of the most popular bearish continuation signs.<\/p>\n<p>The Relative Strength Index has been in a downward trend. It has moved close to the oversold level of 70, while the MACD has moved below the neutral level.<\/p>\n<p>Therefore, the token will likely have a strong bearish breakout, with the next point to watch at $0.1325, its lowest level this year. This target is about 50% below the current level. A move above resistance at $0.3500 will invalidate the bearish Sei price forecast.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sei price has crashed to an important support level and formed a descending triangle as the number of transactions and active addresses plunged in September. Summary Sei crypto price has&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12070"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12070\/revisions"}],"predecessor-version":[{"id":12072,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12070\/revisions\/12072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12071"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}