As the new round of token unlocks approaches, the Sei (SEI) price continues to hover near a key support level, with market attention to short-term volatility clearly increasing. As of press time, SEI is priced at $0.1249, down approximately 1.4% in the past 24 hours. Over the past week, SEI’s price has fluctuated between $0.1241 and $0.1477, with a weekly decline of about 6.4%, and the overall trend remains weak.
Despite the price pressure, trading activity has rebounded. Data shows that SEI’s 24-hour spot trading volume has increased by about 21%, reaching $48 million, indicating rising short-term participation during the support testing process. The derivatives market also shows signs of divergence: futures trading volume surged 41% to $125 million, but open interest slightly decreased to around $100 million. This typically suggests traders are favoring short-term speculation and position closing over sustained leverage bets on a one-sided trend.
The core variable exerting market pressure comes from the upcoming token unlock event. According to Tokenomist data, approximately 55.56 million SEI tokens will unlock on December 15, with a current value close to $7 million based on the current price, accounting for about 1.08% of the circulating supply. In the context of a downward price channel, the addition of new circulating tokens could intensify short-term selling pressure, especially since the team has not disclosed specific unlock arrangements, leading to a cautious market sentiment.
However, from a mid- to long-term perspective, the SEI ecosystem still has positive factors supporting it. The project recently announced a partnership with Xiaomi, planning to pre-install SEI-based wallets and stablecoin financial applications on some overseas smartphones starting in 2026. Meanwhile, Canary Capital has updated the SEI staking ETF application documents based on regulatory feedback, providing a potential channel for future institutional participation. On-chain data also shows that activity on decentralized exchanges and perpetual contracts markets is gradually picking up.
From a technical standpoint, SEI remains in a medium-term downtrend. After a sharp decline from the $0.28–0.30 range, the price has continued to form lower highs and lower lows. Currently, the price is consolidating in the $0.12–0.13 range, indicating some easing of selling pressure but no clear reversal signals yet. The 20-day moving average continues to act as a resistance, forming an important short-term barrier. The RSI is around 40, rebounding from oversold territory, suggesting weakening downside momentum, but bulls have yet to take control.
If SEI’s daily close effectively breaks below $0.12, the price could further decline under the influence of the token unlock. Conversely, if volume breaks through the short-term moving average resistance, the bearish dominance could weaken, leaving room for technical correction in the short term.
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