SEI price is attempting to stabilize after pulling back from its September rally, as new trading products and growing institutional interest draw renewed attention to the network. Saphyre's introduction of stock and commodity perpetual futures on Sei mainnet adds another development as the network explores ways to connect traditional finance with decentralized finance (DeFi).

At press time, SEI is trading at $0.05784, representing a 1.37% gain over the last 24 hours. The token remains below its key resistance level at $0.06971 as traders assess whether buyers can recover momentum following several weeks of falling prices.

Why Is SEI Price Drawing Attention?

Saphyre's launch of stock and commodity perpetual futures creates an additional trading application for Sei. Perpetual futures — contracts with no expiry date that stay anchored to underlying prices through funding-rate mechanisms — are the dominant derivatives format in crypto markets, and applying that contract type to stock and commodity exposure extends it to traditional asset classes. The development arrives as financial institutions and blockchain networks examine methods for bringing traditional financial products, often described as real-world assets, onto blockchain infrastructure.

In a separate update, Sei Network highlighted research conducted with Mastercard, noting that "TradFi and DeFi are closing the gap." The research identifies developments including bank-governed on-chain venues, KYC-gated pools, and insured custody — structures that mirror the compliance and custody requirements regulated institutions operate under.

Together, these developments support a wider narrative of institutional adoption for SEI. However, their long-term impact on token demand remains unclear, and the announcements themselves do not establish that an immediate price recovery will occur.

In new research from @Mastercard and Sei, one trend stands out: TradFi and DeFi are closing the gap. Bank-governed onchain venues, KYC-gated pools and insured custody are all taking shape. As the two systems converge, execution will decide where they meet. pic.twitter.com/VP9GYySGAX

— Sei (@SeiNetwork) October 23, 2026

What Does the SEI Price Chart Indicate?

The daily TradingView chart shows that SEI has retreated after rising toward $0.08 in late September. Since then, the token has produced a sequence of lower highs, indicating that sellers remain active despite the recent positive daily candle.

SEI remains above the identified support at $0.04607 but below resistance at $0.06971. A sustained break above resistance could reinforce the recovery outlook, whereas a drop below support would leave the token vulnerable to additional losses.

Can SEI Price Recover as MACD Loses Strength?

The Moving Average Convergence Divergence (MACD) indicator points to ongoing pressure on short-term momentum. The MACD line stands at approximately -0.00103, below the signal line at 0.00035, the histogram reads -0.00138.

This bearish setup indicates that the September rally has lost momentum. For the bullish outlook to become more convincing, buyers would need to reverse the indicator's direction while also driving a stronger price recovery.

How Does DeFi Activity Shape the SEI Price Outlook?

According to DeFiLlama data, Sei's total value lockedTVL) stands close to $31 million — a measure of assets deposited in the chain's DeFi protocols — while its stablecoin market capitalization, the value of dollar-pegged tokens circulating on the network, sits at roughly $42 million. Both measures remain below their late-September highs, suggesting that capital locked in DeFi protocols and the stablecoin market cap have declined alongside SEI's price retreat.

The dashboard also monitors decentralized exchange (DEX) volume and active addresses, providing additional indicators of network activity. A lasting recovery in these metrics could reinforce the case for increasing ecosystem participation, though the chart by itself does not confirm a new rise in demand.

What Does CoinGlass Indicate About SEI Price?

CoinGlass data indicates that open interest fell to approximately $70 million at the latest point shown on the chart, compared with late-September peaks exceeding $100 million. The simultaneous decline in open interest and price suggests that the amount of capital committed to outstanding derivatives positions has decreased.

Because funding-rate readings are unavailable, the data provided cannot determine the balance between long and short positions.

SEI's next move will depend on whether buyers can defend $0.04607 and push the price toward the $0.06971 resistance level. Beyond the charts, whether Saphyre's newly launched markets attract sustained trading activity would provide a practical read on demand for tokenized stock and commodity exposure on the network. Saphyre's launch and the Mastercard research reinforce the network's broader institutional-adoption narrative, but technical confirmation and stronger ecosystem activity would offer more compelling evidence of a sustained recovery.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.