SEI Price Under Pressure as Bearish Trend Continues

The cryptocurrency market has been experiencing a downturn in recent times, and SEI is no exception. The price of SEI continues to decline, with a 24-hour trading volume of $26.6 million and a market capitalization of $433 million. According to the Elliott Wave pattern, there has still been no significant attempt by buyers to take control.

Technically, SEI is under pressure, with the token currently trading below major moving averages. Momentum indicators also reflect the limited buying strength, with the Relative Strength Index below the neutral level and the MACD indicator in negative territory.