Market Context and SEI's Current Position
As November 2025 unfolds with Bitcoin range-bound between $60K and $65K, altcoins like Sei (SEI) are feeling the squeeze. Trading at around $0.162 as of early Monday—down over 2% in the past 24 hours—the Sei Network’s native token is probing a make-or-break support at $0.15, as highlighted by seasoned chartist @alicharts in a pair of incisive TradingView posts over the weekend. In a market where every dip feels like a potential capitulation, this level isn’t just a line on a graph; it’s a psychological fortress built from years of price action.
Sei Network: Technology and Performance
Sei, the layer-1 blockchain optimized for trading with sub-second finality and parallel execution, has been a darling of the DeFi crowd since its 2023 mainnet launch. Backed by heavyweights like Multicoin Capital and Jump Crypto, it promised to outpace Ethereum in speed without sacrificing security. Yet, after peaking at $1.14 in March 2024 amid the post-halving euphoria, SEI has shed over 85% of its value, mirroring the altcoin bloodbath triggered by macroeconomic headwinds and regulatory jitters. Recent catalysts—a partnerships push with Cosmos ecosystem players and upgrades to EVM compatibility—have sparked fleeting rallies, but sustaining momentum has proven elusive.
Technical Analysis: The Significance of the $0.15 Support Level
@alicharts’ analysis cuts through the noise with surgical precision. The first chart zooms in on the daily timeframe, overlaying a descending channel from May’s highs. Here, $0.15 marks the lower boundary, where aggressive selling in July and October found buyers, forming a multi-touch base. “From this angle, $0.15 is also the key support for SEI,” the trader notes, projecting a rebound to $0.23-$0.36—the latter echoing the 50% Fib retracement from the 2024 top. The second, a weekly view stretching back to inception, underscores the gravity: a steep downtrend line from the all-time high intersects precisely at $0.15, reinforced by volume spikes on prior tests. It’s textbook confluence, the kind that separates noise from narrative.
On-Chain Data and Macroeconomic Influences
But technicals don’t exist in a vacuum. On-chain data paints a resilient picture: active addresses have ticked up 15% week-over-week, per SeiScan, signaling developer and user stickiness despite the price pain. Whale accumulation below $0.18 has accelerated, with Glassnode reporting net inflows of 50 million SEI tokens in the last fortnight. Contrast this with the macro gloom—U.S. election uncertainty and Fed rate cut delays are capping risk appetite, pushing capital toward blue-chips. If SEI buckles below $0.15, the next stop could be $0.10, the psychological floor from early 2024 lows, inviting a deeper correction.
Outlook for SEI Bulls and Bears
For bulls, the playbook is clear: defend $0.15 with conviction. A clean bounce here could ignite a 100%+ surge, validating Sei’s thesis as a trading powerhouse in a post-Ethereum world. Bears, meanwhile, eye a breakdown as vindication of overhyping layer-1s without real adoption. As @alicharts quips, “Hold it, and a rebound to $0.23-$0.36 comes next.” In crypto’s endless grind, that’s not just a prediction—it’s a dare to the market’s resolve.