On May 28, 2025, the SEI/USDT 4-hour chart on Binance created a bearish pennant pattern. A bearish pennant forms after a strong downward move, followed by brief consolidation inside two converging trendlines, and often leads to further decline.
If this setup confirms, the SEI token may drop 19% from the current price of $0.2197 to the projected target of $0.1766.
The pattern begins with a steep decline that shaped the flagpole around May 16 to May 18. After that, the price briefly consolidated within a red symmetrical triangle. This formation typically represents a continuation of the earlier downtrend.
Currently, the price trades below the 50-period Exponential Moving Average (EMA), which sits at $0.2269. This position adds downward pressure and acts as dynamic resistance. In addition, the recent breakout attempt above the triangle failed, pushing SEI back under both the upper trendline and the EMA.
Trading volume stands at 17.55 million, showing a mild increase. A spike in red volume bars during a breakdown would confirm bearish momentum.
The next key support lies at $0.1766, which also matches the projected breakdown target from the pennant. If SEI closes below the lower trendline with strong volume, this drop could occur swiftly.
Until then, traders and analysts will monitor the price closely for confirmation.
SEI RSI Drops Below Signal Line, Shows Weak Momentum
On May 28, 2025, the 4-hour Relative Strength Index (RSI) chart for SEI/USDT shows a bearish signal. The RSI line (purple) stands at 42.52, while the 14-period moving average (yellow) reads 47.77.
Since the RSI has dropped below the 50 mark, it indicates weakening bullish momentum. In fact, the crossover beneath its moving average confirms short-term bearish pressure. This drop follows a failed attempt to stay above 50, which often acts as a mid-point for momentum balance.
Moreover, the RSI has not reached the oversold region yet, which begins at 30. Therefore, there is still room for further downside before any technical rebound.
Previously, the RSI peaked above 70 in early May, signaling an overbought condition. However, it quickly reversed, and the current downtrend continues to reflect broader selling activity.
If this trend holds, it would further support the breakdown potential seen on the main price chart.
SEI Hits Record TVL as ETF Interest and GIGA Launch Build Momentum
On May 28, 2025, Sei reached a new all-time high in Total Value Locked (TVL), signaling strong engagement across its ecosystem. This growth comes as Canary Capital reportedly filed for an ETF based on SEI performance, reflecting rising institutional interest.
Meanwhile, Sei prepares for the upcoming GIGA token launch, which could drive additional traction. The protocol continues to expand its presence in decentralized finance by securing user trust and growing liquidity.
Together, the ETF move and the GIGA rollout have strengthened SEI’s narrative in the broader market, even as its short-term price action remains under bearish pressure.