SEI bounced from $0.27 support and traders now monitor $0.308 resistance, which could open the path toward $0.33 and higher levels.
Sei’s network activity is expanding rapidly with monthly DEX flows reaching $1.5B and active wallets climbing above five million users.
Total value locked has surpassed $600M, growing six times year-over-year, with projections suggesting SEI could exceed $1B within one year.
The price of Sei (SEI) is trading at $0.2904 after a recent rebound from the $0.27 support level. Market participants remain focused on whether SEI can reclaim higher resistance to confirm bullish continuation or risk renewed selling pressure.
Technical Outlook at a Crucial Inflection
The SEI/USDT daily chart shows a bounce from the $0.27 zone, which has consistently acted as a demand base. Traders note that buyers are still defending this structure, though stronger momentum is needed to shift market sentiment.
Source: Lennaert Snyder
Lennaert Snyder commented that the $0.308 resistance is now the immediate test for bulls. A decisive close above this level could extend momentum toward $0.326–$0.33. Sustaining this pocket may allow targets at $0.357 and $0.370 to come into play.
However, rejection from $0.308 keeps the market exposed to downside. In such a case, liquidity pools near $0.258 could attract sellers. This zone is seen as a likely liquidity grab area before any possible reversal attempt.
Growth in Network Activity
Away from the chart, Sei’s ecosystem growth has been drawing market attention. According to CT_TAC, decentralized exchange flows have climbed to around $1.5 billion monthly. This figure represents more than seven times the level recorded last year.
Active wallets have also expanded rapidly, now exceeding five million. This rise represents a fivefold increase in just six months, showing stronger user engagement with the network.
Additionally, Sei’s total value locked (TVL) has reached over $600 million, marking a sixfold rise year-over-year. At this pace, projections suggest SEI could surpass $1 billion in TVL within the next year.
Market Scenarios Ahead
Current market structure shows a clear separation between bullish and bearish cases. On the bullish side, SEI needs to maintain support at $0.27 and reclaim $0.308. Breaking above $0.33 would add momentum, opening higher upside levels.
The bearish case depends on rejection at mid-range resistance. Failure to reclaim $0.308 could lead to a return toward $0.27, with $0.258 offering the next liquidity pocket. Traders consider this area an important level for possible positioning.
With daily trading volume standing at $113.9 million according to coinggecko, near-term moves may hinge on how SEI responds at these resistance points. The market remains balanced between potential continuation and renewed corrective pressure.
The post SEI Price Holds $0.27 Support as Analysts Watch $0.308 Resistance Breakout appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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GateUser-549dbb1b
· 09-05 15:20
to the mooon!!!! to the mooon!!!! to the mooon!!!! to the mooon!!!! to the mooon!!!! to the mooon!!!! to the mooon!!!! to the mooon!!!! to the mooon!!!!
SEI Price Holds $0.27 Support as Analysts Watch $0.308 Resistance Breakout
SEI bounced from $0.27 support and traders now monitor $0.308 resistance, which could open the path toward $0.33 and higher levels.
Sei’s network activity is expanding rapidly with monthly DEX flows reaching $1.5B and active wallets climbing above five million users.
Total value locked has surpassed $600M, growing six times year-over-year, with projections suggesting SEI could exceed $1B within one year.
The price of Sei (SEI) is trading at $0.2904 after a recent rebound from the $0.27 support level. Market participants remain focused on whether SEI can reclaim higher resistance to confirm bullish continuation or risk renewed selling pressure.
Technical Outlook at a Crucial Inflection
The SEI/USDT daily chart shows a bounce from the $0.27 zone, which has consistently acted as a demand base. Traders note that buyers are still defending this structure, though stronger momentum is needed to shift market sentiment.
Source: Lennaert Snyder
Lennaert Snyder commented that the $0.308 resistance is now the immediate test for bulls. A decisive close above this level could extend momentum toward $0.326–$0.33. Sustaining this pocket may allow targets at $0.357 and $0.370 to come into play.
However, rejection from $0.308 keeps the market exposed to downside. In such a case, liquidity pools near $0.258 could attract sellers. This zone is seen as a likely liquidity grab area before any possible reversal attempt.
Growth in Network Activity
Away from the chart, Sei’s ecosystem growth has been drawing market attention. According to CT_TAC, decentralized exchange flows have climbed to around $1.5 billion monthly. This figure represents more than seven times the level recorded last year.
Active wallets have also expanded rapidly, now exceeding five million. This rise represents a fivefold increase in just six months, showing stronger user engagement with the network.
Additionally, Sei’s total value locked (TVL) has reached over $600 million, marking a sixfold rise year-over-year. At this pace, projections suggest SEI could surpass $1 billion in TVL within the next year.
Market Scenarios Ahead
Current market structure shows a clear separation between bullish and bearish cases. On the bullish side, SEI needs to maintain support at $0.27 and reclaim $0.308. Breaking above $0.33 would add momentum, opening higher upside levels.
The bearish case depends on rejection at mid-range resistance. Failure to reclaim $0.308 could lead to a return toward $0.27, with $0.258 offering the next liquidity pocket. Traders consider this area an important level for possible positioning.
With daily trading volume standing at $113.9 million according to coinggecko, near-term moves may hinge on how SEI responds at these resistance points. The market remains balanced between potential continuation and renewed corrective pressure.
The post SEI Price Holds $0.27 Support as Analysts Watch $0.308 Resistance Breakout appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.