Sei Price Primed for Explosive Rally—Here’s What’s Fueling the Surge
Brace for impact—Sei's chart is printing a bullish megaphone pattern that even Wall Street's TA dinosaurs can't ignore.
Why the sudden heat? Three catalysts converging:
1. Liquidity Squeeze: Open interest just hit record highs while exchange reserves crater—classic powder keg setup.
2. Ecosystem Blitz: The Sei V2 upgrade went live last week, slashing finality times to sub-second while somehow making the tokenomics even more deflationary (take notes, Ethereum).
3. Whale Games: On-chain sleuths spotted a fresh cluster of eight-figure wallets accumulating during last week's dip—because nothing screams 'alpha' like copy-trading anonymous crypto whales.
Technical Outlook: The $0.85 resistance just became support after yesterday's breakout. Next targets? $1.40 looks inevitable, with $2.50 in play if Bitcoin doesn't do its usual 'correlate to dump' routine.
Bottom line: Sei's riding the perfect storm of tech upgrades, market structure, and good old-fashioned greed. Just try not to think about how 90% of these 'game-changing' Layer 1s will be ghost chains by 2026.
Sei price technicals are bullish
The daily chart shows that Sei has been in an uptrend since bottoming at $0.1250 in April. The rebound has formed a series of higher highs and higher lows, creating an ascending channel. The token is now bouncing from the lower boundary of that channel.
Sei has also reclaimed the 50-day and 100-day Exponential Moving Averages, both of which have acted as strong dynamic support. Additionally, price has moved above the 23.6% Fibonacci retracement level.
Therefore, technicals suggest that it has more upside as buyers target the upper side of the channel at $0.3890, up by 30% above the current level. A jump above that level will point to more gains to the 50% retracement point at $0.4312.
Sei Network’s ecosystem growth
The other bullish catalyst for the Sei token is that its network growth is accelerating.
Data compiled by DappRadar shows that Sei has continued to dominate the gaming industry. It had over 12.7 million unique active wallets in the last 30 days, making it the biggest chain. Its transaction count jumped by 8% to 36 million.
The same trend is happening in Sei’s stablecoin ecosystem, where the total supply has jumped to $268 million, a few points below its all-time high of $297 million. The supply has jumped from $191 million on August 1, a sign that the growth is continuing.
Additional data from Nansen shows network transactions surged 91% in the past 30 days to 51.2 million. Active addresses ROSE by 42% to 12.9 million, and network fees increased 25%.
Sei Network’s total value locked jumped to $675 million, with the top dApps being Yei Finance, Takara Lend, Sailor, and Stargate Finance.
