- SEI trades against a year-long descending trendline, and compression at resistance points toward a possible breakout that may unlock Fibonacci targets.
- Sei Network processes $5.5B daily stablecoin transactions and $1.53B DEX volume, with liquidity expanding through rapid minting of stablecoins.
- Daily active addresses surged to 800K with 1.8M transactions, signaling growing ecosystem participation that strengthens SEI’s case for upward continuation.
SEI is approaching a decisive technical point as momentum and fundamentals align. Market observers suggest a breakout may be forming that could send the price toward $0.90.
Compression Against Resistance Signals Exhaustion
SEI/USDT has been trading below a descending trendline for nearly a year, creating repeated rejections at lower highs. Ali noted that the price is now pressing directly against this resistance, often a signal of weakening selling pressure. Such compression phases frequently lead to sharp directional moves once the barrier gives way.
Fibonacci levels have been mapped as potential waypoints if a breakout occurs. The immediate resistance sits at $0.35–$0.40, where a successful break could turn this level into support. The following zone near $0.51–$0.52 has acted as a strong magnet in the past, known to accelerate momentum once tested.
A broader projection points to $0.75–$0.90 as the ultimate destination, representing a 170% surge from current levels. The developing bullish structure of higher lows and higher highs supports the idea of a shift from accumulation toward expansion. Analysts argue that clearing $0.34–$0.35 could spark an inflow of liquidity.
Fundamentals Show Expanding Network Strength
Supporting this technical setup, fundamentals on Sei Network continue to gain strength. According to iWantCoinNews, referencing a Nansen report, Sei has emerged as a favored base layer for stablecoins, real-world assets, and enterprise flows. This positioning provides the blockchain with a growing use case foundation.
Daily stablecoin transaction volume on Sei has climbed to $5.5 billion, reflecting high levels of adoption. In July, decentralized exchange activity reached $1.53 billion, setting a new all-time high. Over the past four months, $243 million in stablecoins have been minted, underscoring expanding liquidity.
The tenfold increase in the number of daily active addresses to 800,000, and the 1.8 million daily transactions, suggest strong engagement with the blockchain, further improving SEI’s perspective. The network also has observed the minting of 100 million USDC in the span of ten days.
Convergence of Signals Ahead of Key Move
The alignment of price action and network data places SEI in a position where both technical and fundamental drivers could reinforce each other. The push against the long-term descending trendline reflects mounting pressure that may resolve upward. If confirmed, the Fibonacci roadmap suggests a clear progression of targets up to $0.90.
At the same time, on-chain activity shows a level of resilience not entirely dependent on speculative behavior. Growing volumes, address expansion, and liquidity inflows highlight that Sei Network’s role in supporting stablecoins and decentralized finance is expanding. These elements add strength to the overall market structure.
Market participants are watching closely as the chart and network fundamentals converge. If a breakout unfolds, SEI could move through key resistance zones, ultimately aiming for the $0.90 level that has now become the focal point of attention.
