SEI Network’s Total Value Locked Increases to $210 Million
SEI has increased by 5.62% in the last 24 hours, trading at $0.2854, and gained 21% over the past week. Its market cap is now $1.32 billion, indicating potential recovery.
Price Action Analysis
- SEI shows a double-bottom reversal pattern, breaking long-term resistance.
- Current price approaches $0.30, with a low of $0.2667.
- Potential surge to $0.3325 at the 23.60% Fibonacci level.
- MACD indicates positive momentum; bullish histograms are growing.
- Short-term potential suggests an upside of over 40%.
Network Activity Growth
- Total value locked (TVL) on SEI network has risen to $210 million.
- DEX volume increased to $18.2 million.
- Daily transactions surpassed 4 million, with active addresses reaching 335,000.
Analyst Predictions
- Michael Van De Poppe expects continued bullish momentum as liquidity increases.
- Jonathan Carter identifies a falling wedge breakout, predicting price targets of $0.290 to $0.500.
