"Macroeconomic Concerns and Profit-Taking Lead to 7% Drop in SEI's Robinhood Launch"
- SEI's Robinhood listing triggered a 7% price drop amid broader crypto market declines, with Bitcoin and Ethereum also falling. - Analysts attribute the decline to "sell-the-news" trading and macroeconomic pressures, despite increased trading volume. - Technical indicators suggest potential rebound if key support levels hold, while institutional partnerships with BlackRock and Brevan Howard add resilience. - Robinhood's listing enhances SEI's accessibility for U.S. retail investors, though long-term adopt
SEI, the primary token of
The announcement on October 30 initially sparked enthusiasm, following a 15% weekly surge fueled by anticipation. Yet, the subsequent price drop underscored the difficulties of timing the market. Experts pointed to a “sell-the-news” reaction, where investors took profits early, and broader economic concerns overshadowed the listing’s benefits. Trading activity jumped 92% to $155 million, but most of this was attributed to selling, according to CoinGabbar
Technical analysis indicates a possible upward move if crucial support levels remain intact. SEI’s Relative Strength Index (RSI) is at 35.98, approaching oversold conditions, while the TD Sequential tool has signaled a buying opportunity at $0.19, as highlighted by LiveBitcoinNews. Analyst Ali mentioned that a steady climb above this price could drive SEI toward $0.31, though further gains would rely on overall market sentiment and increased institutional involvement.
Sei Network’s growing appeal among institutions provides additional stability. BlackRock and Brevan Howard have recently expanded their tokenized fund activities to the Sei blockchain through KAIO, allowing on-chain trading of assets such as the BlackRock ICS US Dollar Liquidity Fund. This move positions Sei as a bridge between institutional finance and retail users, according to CryptoTimes.
Robinhood’s addition of SEI also improves its availability, especially for retail investors in the U.S. The platform, which oversees $200 billion in assets, has previously listed tokens like
Analysts are maintaining a cautious optimism. SEI’s Total Value Locked (TVL) in DeFi applications has remained above $400 million, signaling ongoing ecosystem development despite recent pullbacks. A move above $0.23 could indicate a short-term trend reversal, while holding above $0.18 is seen as essential to prevent further declines, according to CryptoFrontNews
The outlook depends on clearer macroeconomic signals and renewed buying interest. Should the Federal Reserve indicate rate cuts in early 2026, the crypto market could recover, potentially pushing SEI to the $0.25–$0.30 range. For now, traders are closely watching the $0.19 support, with both technical signals and institutional progress providing hope for a rebound.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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