{"id":3140,"date":"2025-06-17T15:00:00","date_gmt":"2025-06-17T15:00:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sei-price-may-crash-22-and-then-rebound\/"},"modified":"2025-06-17T15:00:05","modified_gmt":"2025-06-17T15:00:05","slug":"sei-price-may-crash-22-and-then-rebound","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sei-price-may-crash-22-and-then-rebound\/","title":{"rendered":"Sei price may crash 22% and then rebound"},"content":{"rendered":"
\n

Sei price continued its strong downtrend today, June 17, as the ongoing crypto crash accelerated.<\/p>\n

Sei (SEI) token dropped to $0.1660, its lowest level since April 17, and is now down more than 40% from its May high. From its November 2023 peak, the token has plunged by over 77%.<\/p>\n

Despite the bearish price action, Sei\u2019s underlying fundamentals remain solid. According to data from DeFi Llama<\/a>, the network\u2019s total value locked has reached an all-time high of over 3.08 billion SEI, up significantly from 715 million at the start of the year.<\/p>\n

Most decentralized applications on the Sei network have seen growing adoption. Yei Finance, a lending platform modeled after Aave (AAVE) has accumulated over $295 million in assets, while Takara Lend has secured $51 million.<\/p>\n

Sei\u2019s stablecoin supply has also continued rising this year. It has over $200 million in stablecoins, up from $1.2 million<\/a> in March. Most of the stablecoins in the ecosystem are USDC, which has an 83% market dominance.<\/p>\n

<\/p>\n

Sei\u2019s decentralized exchange volume has remained steady over the past few months. Protocols built on Sei handled over $640 million in May, up from $612 million in April and $407 million in March. Key DEX platforms on Sei include Sailor, Dragon Swap, Uniswap, and Jelly. <\/p>\n

Additional data<\/a> shows that more users are joining the Sei network. As the chart below shows, the daily active addresses has risen to 263.6k from 61,000 in March. Also, data<\/a> shows that transacting users have jumped in the past few months.<\/p>\n

<\/source><\/p>\n<\/picture>
Sei price chart | Source: Artemis<\/a><\/figcaption><\/figure>\n

Sei price technical analysis<\/h2>\n
<\/source>
\n\"sei\n<\/picture>
Sei price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart shows SEI has been trending sharply lower since its May 11 peak of $0.2747. The decline has accelerated alongside broader crypto market weakness.<\/p>\n

Price has now fallen below all major moving averages, while the MACD and Relative Strength Index are both pointing downward, indicating bearish momentum.<\/p>\n

SEI is currently approaching a potential double-bottom formation around the $0.1295 level, its lowest swing from April 8. If this support holds and the pattern completes, a rebound could target the neckline resistance at $0.2800.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Sei price continued its strong downtrend today, June 17, as the ongoing crypto crash accelerated. Sei (SEI) token dropped to $0.1660, its lowest level since April 17, and is now…<\/p>\n","protected":false},"author":1,"featured_media":375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3140","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\/3140","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=3140"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3140\/revisions"}],"predecessor-version":[{"id":3141,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3140\/revisions\/3141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/375"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}