Key Takeaways

Why does SEI matter now?

SEI held $0.2887, defended $0.27, and daily transactions grew 16x since 2024.

What could traders expect next?

Analysts flagged 50SMA support, suggesting that the altcoin might rebound toward $0.36 if momentum continues.

Sei [SEI] spent the past week consolidating near $0.2887 after a volatile September that erased early gains. TradingView data showed a 33.7% rally in the first half of the month, followed by a 24.9% pullback that left the price unchanged.

At press time, SEI traded near $0.2887, up 5% in 24 hours. Trading volume jumped 30% to $155 million, reflecting renewed participation.

The key catalyst behind the altcoin’s sudden price uptick appeared to be Bitcoin [BTC] and other major assets that rallied significantly in recent hours.

In addition, another factor strengthening and propelling the alt’s price was its strong fundamentals.

Network fundamentals strengthen SEI’s case

Data shared on X (formerly Twitter) highlighted SEI’s network expansion.

Daily Transactions rose 16x since September 2024, while cumulative Volume climbed $73 billion in one year. This history kept sentiment constructive for long-term adoption.

Looking at the atlcoins’s price outlook, expert Ali Martinez shared a bold cl

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Author: Vivaan Acharya