Smart Money Is Stacking SEI – Here’s the Sei Price Target If Accumulation Continues

SEI-0,32%

Sei (SEI) has been moving through a rough stretch, but recent developments show the project building beneath the surface.

On February 21, SEI’s 3-day RSI dropped to multi-year lows, placing it in extreme oversold territory. Days earlier, 21Shares and Canary filed for SEI ETFs, though approval is unlikely before Q2 2026.

At ETHDenver’s Quantum Summit, Sei’s co-founder aligned the network with post-quantum cryptography discussions. Even during a pullback, institutional groundwork continues. At the same time, on-chain activity tells a separate story.

Large Wallets Are Buying the SEI 30% Dip

Altcoin Buzz reported that major wallets have been steadily accumulating SEI over the past 24 hours. This buying followed a 30% macro pullback that flushed out weaker hands.

When sharp drops hit, retail often exits in frustration. That supply has to be absorbed somewhere. Data now shows larger holders stepping in at these demand zones.

The SEI price is trading at $0.06607. That places it near the lower end of its recent range after the correction.

Accumulation during fear phases is not random. Bigger players tend to scale in when liquidity is available and sentiment is washed out. If that pattern continues, it reduces available circulating supply at these levels.

Meanwhile, the multi-year low on the 3-day RSI from February 21 signals exhaustion. That type of reading appears when selling has stretched too far, too fast.

Oversold conditions alone don’t guarantee a bounce. But when they align with visible accumulation and ETF filings in progress, the setup becomes more interesting.

The ETF applications from 21Shares and Canary introduce a longer-term narrative. Approval may take time, but filings alone position SEI in conversations that extend beyond retail speculation.

Add the network’s visibility in post-quantum security discussions, and Sei is building credibility on multiple fronts during a market downturn.

_****After 5 Years of Pain, Altcoins Just Flashed the Same Signal as 2020**

Here’s the Sei Price Target If Accumulation Continues

If large wallets continue absorbing supply and selling pressure fades, the first recovery level to watch sits near $0.075. A move above that area would signal early strength returning.

The next major area is just above $0.075, which is $0.085. Breaching this area will bring $0.10 back into the picture, which is a psychological level and a previous consolidation area.

If the momentum continues to build, and the markets stabilize, the area of $0.12 to $0.14 can become a reasonable target.That range marks prior distribution levels before the 30% pullback.

On the downside, if accumulation stalls and pressure resumes, $0.058 and $0.050 become the next areas where buyers could reappear.

Right now, the SEI price trades at $0.06607, sitting in a zone where larger wallets are active. While oversold, the ETF filings, and institutional support give the project more substance than the price action alone.

Will this be a reversal or a consolidation? One thing to watch: will the buyers continue to absorb the supply

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Analyst Warning: If Bitcoin enters a cyclical correction, XRP price may drop to $0.70

Cryptocurrency market fluctuations have attracted attention. Analysts point out that if Bitcoin enters a correction, XRP may face a pullback risk, with a target price of around $0.70. Bitcoin's four-year cycle characteristics indicate that correction periods could impact altcoin performance. If XRP's price falls below the $1.20 support level, the market could see further downside. Meanwhile, XRP's application in cross-border payments may reduce its dependence on Bitcoin. Investors should monitor Bitcoin's cycle changes and technical support levels.

GateNews10m ago

MBOX Price Plummets 15.22%: Traders Scramble for Clarity

MBOX's price has dropped to $0.0195, reflecting a 15.22% decrease in an hour. The trading volume exceeded $12 million, indicating volatility influenced by broader market trends and selling pressure. Traders are monitoring key support and resistance levels.

Coinfomania16m ago

VIA Price Surges 17.61% — What’s Fueling This Rally?

VIA's price surged 17.61% to $0.00026 amidst a mixed crypto market. Increased whale accumulation and trading volume suggest heightened interest. Traders are monitoring key price levels for potential future movements.

Coinfomania16m ago

The US-Israel conflict pushes up oil prices, and Bitcoin remains stable due to resistance in the US market

Despite the rise in oil prices to $100 per barrel due to the US-Israel-Iran conflict, Bitcoin remains stable around $67,000, which is related to its close correlation with the US stock market. The US has low dependence on Middle Eastern oil, and the stock market's resilient performance has accordingly supported Bitcoin's price stability.

GateNews21m ago

Oil price shocks sweep the globe, but Bitcoin remains steady at $67,000: Wall Street correlation becomes a key variable

The Middle East geopolitical conflict has led to a rise in international oil prices, while Bitcoin prices remain relatively stable, staying around $67,000. The US stock market has shown resilience, with increased correlation to Bitcoin, while Asian markets are more affected. As institutional funds enter the crypto market, Bitcoin is increasingly viewed as a risk asset. Additionally, although the US has a high level of energy independence, rising oil prices may still impact inflation through consumer spending.

GateNews23m ago

XRP unrealized losses reach $50.8 billion, with whales choosing to add to their positions against the trend, hitting a recent high

According to Glassnode data, there are currently approximately 36.8 billion XRP in loss, with unrealized losses reaching $50.8 billion. Meanwhile, the large whale group holding between 1 million and 100 million XRP has increased their holdings by about 210 million XRP since March, indicating they see current market downturns as a buying opportunity. Binance's XRP trading volume Z-score has decreased, indicating reduced liquidity and increased market volatility.

MarketWhisper32m ago
Comment
0/400
No comments