The Sei network’s native token extended its decline, trading at $0.075 on February 16, 2026, down 3.6% amid sustained bearish pressure. Technical analysis suggests it has reached a key Fibonacci level indicating a deep downtrend, with further risk to the downside. Despite the price action, the ecosystem received a fundamental boost with Orbs launching its institutional-grade Perpetual Hub Ultra derivatives infrastructure on the Sei network in partnership with Gryps.
Sei continued its downward trend, trading at $0.075 on Monday, a drop of 3.6% from the prior day. Trading volume saw a marginal increase to $38.2 million, yet the asset remains locked in a clear pattern of lower highs and lower lows. Market participants attribute the persistent weakness to ongoing risk-off sentiment and declining speculative interest across the market.
Crypto analyst Justcryptopays notes Sei has reached the 1.38 Fibonacci extension level, a zone often linked to aggressive bearish cycles. This price action suggests the asset may be in a sharp declining wave within an Elliott Wave structure, with potential targets as low as $0.067 to $0.045. Analysts caution that any upward moves are likely relief rallies unless key resistance levels are decisively reclaimed.
In a contrasting development, Orbs announced the integration of its Perpetual Hub Ultra with Gryps, enabling onchain perpetual futures trading on the Sei Network. The infrastructure is designed to provide execution certainty, capital efficiency, and professional-grade risk management for derivatives. Ran Hammer, Chief Business Officer at Orbs, stated, “This deployment demonstrates how advanced onchain derivatives infrastructure can meet institutional trading standards.”
Market observers indicate this integration could strengthen Sei’s long-term ecosystem by bringing institutional-grade derivatives capabilities onchain. The development aims to help decentralized platforms compete with centralized exchanges on performance and liquidity depth.
