"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.
You may also like
Health Tech Secures $2.5M in Seed Funding to Address Systemic Healthcare Gaps Through AI-Powered Solutions
- HEALTH, a health tech startup, raised $2.5M in seed funding led by Gemhead and Castrum Capital amid rising AI-driven healthcare innovation. - The investment aligns with global trends like WebMD's AI marketing tools, Denmark's FOB mental health platform, and India's VitaLyfe cardiometabolic risk app. - Innovations focus on AI diagnostics, remote monitoring, and scalable solutions to address systemic gaps in care delivery and patient engagement. - Growing VC interest in digital therapeutics and mental heal
SUI News Today: SUI Challenges $1.80 Support—Pathway to $20 or Headed for More Losses?
- SUI cryptocurrency faces short-term correction to $1–$1.50 before potential $10–$20 rebound, driven by ecosystem growth and institutional adoption. - Key support at $1.80–$2.10 could trigger $3.50–$4.80 rally if defended, with $20+ long-term targets supported by $2B+ TVL and DeFi partnerships. - Upcoming token unlocks (92M SUI) add short-term pressure, but strong liquidity and institutional buying historically offset selling shocks. - Technical analyses suggest $5–$8 mid-term targets, with $20+ long-term
Fed's Shift in Liquidity: Market Stabilization or Threat to Inflation Management?
- Fed abruptly ends 3-year QT and cuts rates in 2025 to address liquidity strains, prioritizing market stability over inflation control. - Corporate sectors like real estate face pressure as firms revise strategies, with AvalonBay cutting guidance amid soft demand and Insight securing debt to fund growth. - Policy shift mirrors 2008 and pandemic-era interventions, reigniting debates over "ample reserves" framework amid balance sheet reduction challenges. - Banks benefit from lower funding costs, but prolon
Romania Restricts Polymarket: Legal Regulations Clash with Blockchain in Gambling Discussion
- Romania's ONJN blacklisted Polymarket for unlicensed gambling amid $600M election wagers. - Regulators cited legal requirements for state licensing, blocking access via ISPs. - The ban aligns with global restrictions, including a $1.4M U.S. fine, as Polymarket expands with $2B ICE investment. - Despite regulatory challenges, Polymarket plans a U.S. relaunch via a licensed derivatives exchange. - The case highlights tensions between blockchain innovation and gambling laws, with ONJN warning of dangerous p
Trending news
MoreCrypto prices
More
