Sei Network is showcasing growth in both prices and user activity, supported by recent analytical data and technical factors.
Technical Analysis and Support at $0.39
$SEI price has reclaimed key support after breaking out of a descending channel on the 4-hour chart. According to analyst @ali_charts, the price surpassed the 0.5 Fibonacci retracement at $0.3201 and earlier touched the 0.618 level at $0.3354. The current test of the $0.3200–$0.3160 range, serving as new support, suggests potential movement toward the 0.786 Fibonacci level at $0.3584 and the psychological $0.39 level, if this support holds.
Growth of Sei Network Activity
Sei Network has recently surpassed the one million active wallets mark, with transaction numbers reaching all-time highs. These figures indicate that the surge in network activity is driven by actual usage, not just new wallet signups. Additionally, MetaMask has integrated Sei as a default network, increasing accessibility and easing the onboarding process for users.
Leading Positions in EVM Network
Sei Network has maintained its lead in EVM chain rankings for two consecutive weeks based on the number of active wallets. The network outperformed other major chains like Base and opBNB, demonstrating sustained user retention and activity growth.
The current growth of Sei Network is supported by both technical and fundamental factors. The resilience of support and the increase in user activity indicate potential positive prospects for this network asset.
