Sei extended its decline on Monday, February 16, 2026, trading at $0.07522, down 3.62% from the previous day, according to CoinMarketCap. Over the last 24 hours, trading volume rose slightly to $38.23 million, up 0.62%, while the weekly price movement shows a marginal decrease of 1.24%.
Despite the minor volume uptick, Sei remains in a clear downtrend, with repeated failed recovery attempts signaling sustained bearish sentiment.
Market participants attribute the weakness to continued risk-off sentiment and declining speculative demand. Repeated failures to establish higher support levels have reinforced bearish confidence, while short-lived recovery attempts have consistently encountered renewed selling.
As a result, The coin remains locked within a sustained downtrend, limiting opportunities for bullish momentum in the near term.
SEI Hits Critical Fibonacci Extension Level
According to crypto analyst Justcryptopays, SEI has reached the 1.38 Fibonacci extension on the downside, a technical zone typically associated with the most aggressive phase of bearish market cycles.
This move suggests that the asset may currently be in wave (iii) of an Elliott Wave structure, historically known for sharp declines and expanding volatility.
Price action continues to trade below a descending resistance trendline, confirming a consistent pattern of lower highs and lower lows.
While short-term consolidation could form a corrective wave (iv) bounce, analysts caution that a final decline in wave (v) remains likely unless price decisively reclaims key resistance levels. Fibonacci extension projections place potential downside targets between $0.067 and $0.045, aligning with historical demand zones.
Failure to reclaim major retracement levels, including the 0.382 and 0.5 Fibonacci thresholds, reinforces the bearish outlook. Until these levels are decisively broken, analysts view upward price movements as relief rallies rather than trend reversals.
Orbs Launches Perpetual Hub Ultra on Sei Network
Despite near-term technical weakness, Sei received a notable fundamental boost after Orbs announced the integration of its Perpetual Hub Ultra with Gryps, enabling institutional-grade onchain perpetual futures trading on the Sei Network.
The integration introduces a fully managed derivatives stack designed to deliver execution certainty, capital efficiency, and deterministic risk management.
Powered by Orbs’ Layer-3 infrastructure and Symmio’s smart contract framework, the system enables deep liquidity aggregation, customizable leverage, and professional trading interfaces without requiring platforms to develop complex backend infrastructure.
“This deployment demonstrates how advanced onchain derivatives infrastructure can meet institutional trading standards,” said Ran Hammer, Chief Business Officer at Orbs. “By integrating Perpetual Hub Ultra, Gryps delivers professional-grade trading capabilities while preserving decentralized execution.”
Market observers say the development could enhance Sei’s long-term ecosystem competitiveness, particularly as decentralized derivatives platforms seek to rival centralized exchanges in performance, liquidity depth, and execution reliability.
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