Sei Falls 8% Post-Robinhood Listing; Rebound Possible at $0.19
Sei (SEI) surged 15% ahead of its Robinhood listing, which opened trading to over 25 million users. Contrary to typical post-listing rallies, SEI price fell 8% to around $0.18 amid a broader crypto sell-off triggered by Fed rate fears and $1.2 billion in long liquidations. Total crypto market cap dipped by $200 billion to $3.7 trillion. On-chain fundamentals remain solid: 2.65 billion SEI TVL, a 14.8% rise in stablecoin supply to $168 million, 90% higher transaction volume and 13.7 million unique wallets in gaming. Technicals show an RSI near 36, a bullish MACD crossover and TD Sequential buy signal, but a 50/200-day death cross warns of potential downside to $0.1676. Key support at $0.19 must hold for a rebound toward $0.20–$0.31.
Neutral
The combined news highlights an initial 8% SEI price drop due to a wider market sell-off and significant liquidations, offset by strong on-chain fundamentals and mixed technical signals (RSI near oversold, MACD crossover, TD Sequential buy vs. 50/200-day death cross). These opposing factors suggest both downside risks if key support at $0.19 fails and upside potential if it holds, resulting in a neutral short-term outlook.