- SEI trades near $0.294, with $0.35 identified as the critical pivot that could drive bullish momentum toward Fibonacci resistance targets.
- Sei Network expands by integrating PayPal, Circle, Tether, and Agora, positioning itself as a preferred global settlement layer for stablecoins.
- Binance long/short ratios show strong bullish sentiment, with retail at 2.05 and top traders at 2.02, confirming broad optimistic positioning.
SEI approaches a pivotal stage as traders eye the $0.35 support level, a zone that could spark a broader rally toward $0.90.
Key Technical Setup Around $0.35
Crypto analyst Ali (@ali_charts) pointed out that SEI is positioned for a bullish retest pattern. The asset trades near $0.294, just below the 0.786 Fibonacci retracement at $0.3474, following a test of the long-term descending trendline. The structure places $0.35 as the defining pivot in the current cycle.
The recovery of a support of $0.35 would be reflective of resemblance of momentum, which will lead to upside objectives. The fibonacci levels offer resistance at 0.518, 0.6375 and 0.757. The prolonged push would ultimately reach up to $0.905, which is projected retracement zones.
The broader chart suggests suppressed supply levels, which may accelerate gains once resistance is flipped. After months of consolidation and price declines through late 2024 and early 2025, this technical formation offers conditions for a potential reversal.
Stablecoin Growth Strengthens Sei Network
Sei Network continues to expand its ecosystem, positioning itself as a settlement layer for stablecoin adoption. In a recent update, Sei confirmed the integration of PayPal, Circle, Tether, and Agora, underscoring its alignment with leading issuers.
Stablecoins represent more than $285 billion in circulation, establishing themselves as a breakout use case for onchain finance. Sei emphasizes faster settlement and scalability, aiming to attract global stablecoin transactions to its ecosystem.
This integration of major issuers builds fundamental support for Sei’s network growth. While technical traders focus on $0.35 as a pivot, developments within the ecosystem strengthen the longer-term narrative for adoption and transaction throughput.
Market Sentiment and Trader Positioning
SEI’s long/short ratios reflect bullish sentiment, particularly on Binance. Retail traders maintain a ratio of 2.05, meaning long positions outnumber shorts by more than two-to-one. Top trader accounts show a similar ratio of 2.02, reinforcing optimism among experienced participants..
Yet, aggregated data shows a ratio of 1.53, indicating some hedging activity. Larger accounts appear to balance exposure by holding long positions while maintaining shorts as protection. This pattern suggests confidence, though caution remains given potential volatility.
The absence of data from OKX limits a complete comparison, but Binance positioning highlights current market sentiment. While heavy long exposure signals conviction, extreme ratios often carry the risk of liquidations if sudden corrections occur.
