SEI Tanks 9% Weekly, but Analyst predicts 1,300% price die

SEI Tanks 9% Weekly, but Analyst predicts 1,300% price die

2 minutes, 38 seconds Read

Tl; Dr.

  • SEI acts almost support as the price drops by 9% this week; Volume remains more than $ 200 million.
  • Analyst compares Sei with the SUI pre-rally setup and will soon predict a sharp movement to $ 4.
  • Futures Market heats almost $ 0.30, while Sei Network TVL is climbing to $ 604 million.

Sei drops after withdrawal, now trading under $ 0.29

Sei (Sei) acts around $ 0.29 after having fallen by 3% and 9% in the past week. The daily trade volume came in almost $ 209 million, which shows that traders remain active, even if the token moves lower.

ARE has seen a steady sales pressure in recent sessions that have left the level of $ 0.30. Technical tools now place token near the short -term support. Analysts look at this area for signs of a possible reversal.

Analyst sees Bullish Setup similar to SUI

Crypto analyst Ali Martinez shared a comparison between SEI and Sui, which indicates a similar structure. According to the graph, Sei may follow the same path that sui did before the meeting above $ 5.

“This could be the very last dip before a Monster Bull meeting to $ 4 is rally,” Ali posted on X.

Interesting is that the current price of SEI is below the 0.382 Fibonacci level, while the graph shows that Sui was bounced in a similar arrangement of the level of 0.236.

If SEI follows this structure, future interest rates include $ 0.95, $ 1.38, $ 2.12 and $ 3.05. Price movement above these zones would require a strong momentum and volume interunes.

Sei also sees a higher network activity. Facts shared Crypto Rand shows that Sei recently passed SUI into daily transactions. This shift in user activity indicates steady growth over the SEI blockchain and can reflect a stronger demand for its functions at this stage.

Indicators show mixed signals in the midst of consolidation

On the 4-hour graph, Bollinger tires show that SEI is moving in a narrow range. The current price is close to the middle band, which is at $ 0.29. The tires are not broadened or sharpened, which suggests a lack of strong momentum in both directions.

Source: TradingView

Moreover, the relative strength index (RSI) is now at 46. This is slightly below the center of 50 and indicates a weak momentum. It is not in sold -up territory, but it also does not show much purchasing power.

Futures market activity and network growth

The Cryptoquant bubble card shows the growing volume in Sei -Futures. Recent data marks various overheating zones near the level of $ 0.30. Although increased activity can lead to meetings, overheating can also cause short -term corrections if the volume comes from livered transactions.

Sei Futures Volume Bubble Map
Source: Cryptoquant

In the meantime, Sei registered more than $ 604 million in the total value locked, by 7% in the last 24 hours, according to Defi Lama. The network has that too integrated Native USDC and Circle’s Cross-Chain Transfer protocol V2 (CCTP), aimed at improving liquidity and transfer efficiency.

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