Price Position and Structural State
Sei (SEI) closed at 0.06603 USDT on May 29, 2026, down 2.67%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.05148 USDT, with resistance near 0.07979 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
SEI is trading above short-term moving averages but remains below longer-term resistance. MA20 at 0.064931 USDT can act as near-term support for the recovery attempt, while MA200 at 0.089164 USDT is the key level to reclaim for a broader trend shift. Short-term structure has improved, but longer-term moving averages still show overhead resistance.
Trading Friction and Price Efficiency
SEI shows moderate trading friction, with a 3-day friction score of 37.7. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest increased +14.81% in one day and remains near the upper side of its 90-day range. This shows leverage is elevated and still building.
Funding is negative on the 24-hour average at -0.016848%, with the 7-day average also negative at -0.008673%. This shows sustained short-side cost pressure across both short and medium windows.
The long/short ratio is 2.37 and has moved above its 180-day range. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
SEI remains strongly linked to the broader crypto market (Sigloid Index), with beta indicating higher sensitivity to index movements. Correlation confirms that SEI moves in line with the index, while R² shows that index behavior explains a significant share of its movement. Elevated beta means price tends to amplify broader market moves rather than simply track them. Over the 30-day window, the relationship is weakening. Over the 60-day window, the relationship is weakening. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.723 | 1.649 | 0.522 | Strong, high beta |
| 60D | 0.7 | 1.283 | 0.491 | Strong, high beta |
| 180D | 0.785 | 0.983 | 0.617 | Strong linkage |
Momentum, Volatility, and Indicator Pressure
SEI is moving more day to day, but participation remains weak. ATR% reads 6.60, close to the bottom of its full historical range, while Bollinger Band width% reads 27.97, near the lower side of its full historical range. 20-day Volume Z-score is 0.66.
Momentum is stronger. RSI is 55.54, ROC14 is +3.95%, and MACD histogram is positive. These readings point in the same direction: upside pressure is active across momentum and multi-day acceleration.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. SEI stays closely linked to that market condition, so changes in market sentiment can still influence price behavior even when the broader trend is unclear.
Key Levels for the Next State Change
For SEI, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.07979 USDT establishes a bullish regime, while a daily close below 55-day support at 0.05148 USDT confirms a bearish regime.