Sei News 2026: SEI Surges to $0.14 After Sharp Squeeze
SEI experienced a sharp surge to $0.14 following a short squeeze, driven by increased open interest and volume.Summary
The SEI/USDT pair staged a rapid reversal after aggressively selling down to the $0.12 region, which liquidated long positions and created an oversold environment. This decline was immediately followed by a strong vertical breakout back toward $0.14, indicative of a short squeeze where short sellers were forced to cover. Open interest data confirmed this dynamic, spiking during the squeeze before stabilizing. This short-term bullish phase is supported by trading volume surging above $100 million, pushing the price to $0.14. However, on the daily timeframe, SEI remains in a medium-term downtrend, consolidating near the lower boundary of its broader range. While short-term momentum indicators like MACD show early stabilization, Chaikin Money Flow remains negative, suggesting that sustained accumulation is needed to overcome the larger bearish trend.
(Source：Brave New Coin)