Sei Network Suffers $240K Loss from Flash Loan Attack
- Flash Loan Attack: Sei Network suffered a flash loan attack resulting in a loss of approximately $240,000 in WSEI tokens, as the attacker borrowed 1.96 million WSEI tokens without repayment, highlighting operational risk in decentralized finance.
- Operational Risk: The attack stemmed from an erroneous transfer by wallet “0x9748…a714,” which inadvertently provided liquidity for the exploit, underscoring that even high-performance blockchains are vulnerable to simple operational mistakes.
- Network Transition Warning: The Sei team has warned users to migrate their USDC.n assets before the planned SIP-3 upgrade in March, which will transition Sei to an EVM-only chain, risking asset access or value loss post-upgrade.
- Price Trend Analysis: SEI is currently trading around $0.12, maintaining support, but has declined over 60% from summer highs, with the broader market trend remaining bearish and showing little momentum for recovery.
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Technical Analysis for SEI
Technical Sentiment Analysis for Sei (SEI) As of , Sei (SEI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SEI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SEI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sei (SEI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0318 | 0.0487 | 0.066 | 0.0829 | 0.1 | 0.117 | 0.134 |
| Fibonacci | 0.0487 | 0.0618 | 0.0699 | 0.0829 | 0.096 | 0.104 | 0.117 |
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