Sei Crypto Plunges Post-Robinhood Debut: Can It Stage a Comeback?

Sei's market debut on Robinhood turned sour faster than a day trader's portfolio during a flash crash.

The Listing Effect Backfires

Instead of the typical listing pump, Sei got dumped—proving once again that crypto markets love nothing more than defying expectations. The token slid downward while traditional finance analysts nodded sagely about 'price discovery.'

Technical Breakdown

Support levels cracked like cheap encryption as selling pressure mounted. Volume spiked—mostly heading south—while the order book looked thinner than a Bitcoin maximalist's patience for altcoins.

Market Psychology at Play

Traders who bought the rumor now face selling the news—a classic crypto ritual right up there with blaming whales for every downturn. The fear-greed pendulum swung hard toward panic, because nothing gets digital asset investors emotional quite like unexpected red candles.

The Rebound Question

Can Sei recover? History shows crypto assets love nothing more than a good V-shaped recovery—just ask anyone who held through 2018. But it'll need more than hopium to reverse this slide.

Another day, another crypto learning that even Robinhood's magic touch can't overcome market gravity—or the fact that 90% of 'strategic partnerships' are just press releases in disguise.

Sei crypto price falls after Robinhood listing

The token dropped after Robinhood listed it, making it available to millions of clients in the United States and other countries. In most cases, cryptocurrencies rally after being listed by Robinhood and other exchanges.

Sei price crashed after the Robinhood listing because it coincided with the ongoing crypto market plungeBitcoin and most altcoins fell, with the market capitalization of all tokens falling by over 4% to $3.7 trillion. 

These tokens crashed as liquidations in the industry jumped after the hawkish Federal Reserve interest rate cut. Officials hinted that they may not cut rates in December because of inflation risks. 

On the positive side, SEI has some solid fundamentals. For example, the total value locked in its decentralized finance ecosystem jumped to 2.65 billion SEI tokens, the highest level since June. 

Additionally, the supply of all stablecoins in the network jumped by 14.78% in the last 30 days to $168 million. Transactions ROSE by 90% to over 8.4 million as users take advantage of its low transaction costs.

Most importantly, Sei maintains its lead in the gaming industry. Data compiled by DappRadar shows that the number of total unique active wallets in the sector rose to 13.69 million in the last 30 days, much higher than opBNB, which had 5.45 million. 

Sei price technical analysis 

While Sei has strong fundamentals, technicals suggest that it may have more downside ahead. For example, the token formed a death cross as the 50-day and 200-day moving averages crossed each other.

The coin has also formed an inverse cup-and-handle pattern whose support is at $0.1676. It is now in the process of forming the handle section of this pattern. 

Therefore, the token will likely have a strong bearish breakout in the next few days. A MOVE below the lower side of the inverse cup-and-handle will point to more downside, potentially to the support at $0.10.