The Sei Network [SEI] experienced persistent price pressure despite recent increases in decentralized exchange (DEX) trading volume. Resistance at the $0.20 level held back SEI prices, leading to a short-term downtrend. 3-day charts show a potential bearish momentum, with SEI struggling to break past resistance levels like $0.1683. The lack of sustained buying activity was indicated by lower than average market volume. This resulted in SEI dipping below $0.1560. Although the broader crypto market remains bearish, some similarities between SEI and Solana’s price action have emerged. Both saw a similar upward trend before stalling and facing a downtrend. While SEI shares this pattern, it lacks the necessary momentum to achieve a breakout. This is due to a lack of underlying fundamentals or renewed investment interest. Despite the network’s impressive growth in DEX trading volume with over 150% increase in Total Value Locked (TVL) by March 2025, SEI price has continued to decline under bearish market conditions. The analysis indicates that if the decline persists, SEI could target its previous support levels near $0.1350. However, a resurgence in market confidence is necessary for this to occur.