1.5M milestone for SEI Network means altcoin’s short-term price target will be…
The post 1.5M milestone for SEI Network means altcoin’s short-term price target will be… appeared on BitcoinEthereumNews.com.
SEI’s network growth, inflows, and sentiment hinted at likely organic momentum behind its price surge Derivatives activity and spot flows could have a part to play too Sei [SEI] network has seen a dramatic surge in activity lately, with its daily transactions surpassing 1.5 million and active addresses climbing to over 616,000. This has been the case on the price front too, with SEI rallying by 12.72% to trade at $0.2097 at press time. Now, of course, this growth raised a key question – Is this adoption real or artificially inflated? Hence, it’s worth looking at AMBCrypto’s analysis and assessing what’s driving SEI’s rally. Real adoption or excessive hype? SEI’s Social Dominance hit 0.26% on 20 June, marking its highest reading in over two months. Source: Santiment That’s not all though, as weighted Sentiment also rose to 3.66 – Reflecting elevated community enthusiasm. Interestingly, sentiment followed—not led—the uptick in on-chain data. Such a sequence often supports a more organic bullish setup. It lends weight to the argument that excitement is rooted in usage, not mere hype. However, if sentiment continues to climb without sustained adoption, it could risk signaling a short-term peak. Therefore, sentiment must remain balanced to support further upside. Source: Santiment Leverage is building, but is it conviction or danger? SEI’s Futures market lit up as the Open Interest surged by 42.73% and trading volume jumped by 176.80%, hitting $502 million. These metrics suggested that traders may be building leveraged positions, anticipating sustained bullish momentum. However, leverage cuts both ways. If the price stalls and Open Interest remains high, liquidation risks could rise sharply. For now, the derivatives market is pointing to conviction. However, with a cautionary undertone tied to leverage buildup. Biggest spot inflow in weeks! SEI recorded $2.19 million in Net Spot Inflows at press time,…
Filed under: News - @ June 20, 2025 11:25 pm