Sei (SEI) has retreated to roughly $0.061 after its early October rally came undone, and analyst Michael van de Poppe argues that the correction could offer an entry opportunity. The token now trades below both its 50-day and 200-day moving averages, with $0.060 serving as immediate support and lower levels at $0.055 and $0.049.

The pullback follows a strong run that carried SEI to within reach of $0.081 at the start of October, and it comes as SEI perpetual futures secured a listing on a CFTC-regulated exchange.

Van de Poppe Points to SEI's Correction

In a post on X, analyst Michael van de Poppe said SEI still looks good despite its strong upward move and the correction that followed. He advised investors to consider buying during a dip, suggesting that the current decline could provide an opportunity to build exposure to the token over the coming months. His remarks represent a single analyst's assessment, and they sit against a chart history in which earlier rallies have repeatedly given way to steep corrections.

SEI's recent price action nonetheless illustrates the scale of the pullback. The token traded around $0.058–$0.060 in April before climbing toward $0.077 in early May. A rally reached approximately $0.071 in late May, but a sharp correction in early June pushed SEI back below $0.050. The decline extended through July and August, with the token bottoming near $0.039 in mid-August. SEI then recovered above $0.060 in late September and approached $0.081 around October 1. Since then, the price has fallen from approximately $0.075 to $0.061.

SEI Trades Below Both Key Moving Averages

The 50-day moving average sits near $0.064, while the 200-day average is positioned around $0.065. SEI currently trades beneath both, and the 50-day average has crossed below the 200-day average — a configuration traders commonly call a "death cross" and generally read as a sign of weakening momentum. Moving averages smooth out day-to-day price swings and are widely used to gauge the direction of a trend.

Immediate support lies around $0.060. A break below that level could expose $0.055, followed by $0.049. On the upside, SEI would need to reclaim the $0.064–$0.065 range before testing resistance near $0.070 and then $0.075. Those levels sketch out what market participants are likely to track from here: whether the $0.060 floor holds, and whether the price can move back above the band now occupied by both moving averages.

Trading volume rose sharply during the late-September and early-October rally. Recent activity has since weakened, with less trading volume accompanying the latest downward move in price. Volume is typically watched alongside price as a gauge of how much participation stands behind a move.

SEI Perpetual Futures Gain CFTC-Regulated Listing

In a separate development, SEI perpetual futures have been certified for listing by a CFTC-regulated exchange. The listing places SEI alongside BTC, ETH, SOL, and XRP among the assets with perpetual futures available through CFTC-regulated venues. The contracts settle in U.S. dollars, trade 24 hours a day, seven days a week, and carry no expiration date. The CFTC, or Commodity Futures Trading Commission, is the U.S. federal agency that regulates derivatives markets, and it is that oversight framework that distinguishes these venues from the largely unregulated exchanges where crypto perpetuals have historically been most active. For SEI, the listing adds a regulated venue where its price can be traded and hedged around the clock.