• SEI drops over 3% in 24 hours, extending its weekly decline.
• Trading volume and market cap continue to fall.
• Hamilton Lane launches tokenized SCOPE Fund on Sei.
• The token nears key support zone, signaling a possible breakout.

SEI remains under strong selling pressure, showing persistent weakness in recent sessions. Over the last 24 hours, the token has fallen by nearly 3.63%, deepening its weekly decline of 24.28%. The token’s downward movement reflects continued bearish sentiment across the broader market, where traders remain cautious following recent volatility.

At the time of writing, the token is trading at $0.2187, marking a sharp retreat from earlier levels. The 24-hour trading volume has dropped to $159.93 million, down 26.01% from the previous day, suggesting a reduction in market participation. Meanwhile, the market capitalization has fallen by 1.7% to $1.36 billion.

Also Read: Sei Price Rally Gains Strength as Market Predicts Breakout Toward $0.90

Hamilton Lane’s SCOPE Fund Strengthens Sei’s Institutional Presence

In a parallel development, Hamilton Lane has officially launched its tokenized SCOPE Fund on the Sei network, reinforcing its growing role in the real-world asset (RWA) ecosystem. The initiative follows earlier tokenized fund launches by major institutions such as BlackRock and Brevan Howard, both of which have utilized Sei for similar purposes.

Hamilton Lane, which manages nearly $986 billion in assets, brings significant institutional credibility to the network. The SCOPE Fund, introduced via @KAIO_xyz, allows investors to gain exposure to private credit markets in a digital and accessible format.

Network’s fast and inexpensive infrastructure underpins the financial products they offer, which makes it suited for large RWA deployment. This not only broadens Sei’s institutional attractiveness but also highlights the continual merging of bridges and finance.

Chart Analysis Points to a Critical Decision Zone

Market analysts are watching SEI’s chart, which forms a symmetrical triangle pattern. Its price is just under $0.2232, the 0.382 Fibonacci retracement level, suggesting a potential pivot. The triangle pattern is descending resistance converging to the bottom and ascending support, which implies a strong price movement, which could be positive or negative.

If the token maintains to hold this support level, potential rebound targets may include the resistances at $0.257, $0.296, and $0.363. Only a breakout of $0.31 would likely lead to $0.47 and closer to bullish targets of $0.65. On the other hand, falling below $0.215 likely opens the path to $0.187 and $0.140, validating a further bearish continuation.

The traders are monitoring its next move cautiously. With the token trading near a long-term support zone within a tightening structure, a bullish reversal is expected in the near future. However, a failure to hold the current position will likely increase the downward move.

Also Read: Sei Poised for $2 Breakout Following Massive Network Revenue Growth