SEI battles to regain $0.1261 support as derivatives leverage grows below $0.07 risk zone
Over the past week, Sei's SEI token lost the $0.1206 support, exposing a downside pocket near $0.0689 while whales took the sell side in spot markets. At the same time, derivatives volume climbed to $32 million and Open Interest increased, showing leveraged positioning despite weak price momentum. Technical indicators such as RSI and MACD remain soft, and analysts are watching $0.1261 and $0.20 as key levels for any structural recovery.