SEI has shown significant recovery, ending a seven-month downtrend with a 28% increase over the last week. This event is accompanied by a rise in network activity.
SEI Price Growth and End of Downtrend
SEI recorded a 28% gain over the past seven days, marking one of its strongest weekly performances in over a year. This rally ended a prolonged downtrend that started in November 2024. The breakout from a descending channel confirms a positive outlook from investors and potential changes in market sentiment.
Technical Levels and Future Prospects
The current trading value of SEI stands at 0.286, reflecting a slight decline of 2.95% over the last 24 hours. The next technical resistance is located at the 61.8% Fibonacci retracement level near $0.50. If the price surpasses this mark, the psychological resistance of $1 could come into focus, a level last reached in March 2024.
Capital Flows and Future Plans
While the Chaikin Money Flow indicator has failed to rise above zero, it continues to create higher lows. A crossover into positive would indicate improved capital inflows, confirming investor interest. In Q2 2025, daily transactions on the SEI network have tripled, now peaking at over 1.6 million, indicating heightened interest in SEI's DeFi ecosystem. Total Value Locked has climbed to an all-time high of $590 million.
SEI's price increase and surge in network transactions reflect positive changes in market sentiment; however, future developments will depend on the confirmation of these trends.
