Sei (SEI) Price: Bullish Setup Could Trigger Major Rally
TLDR
SEI network active addresses surged from 250K to 600K users over six months with daily transactions exceeding 1.6 million
Price remains stuck at $0.279, down 1.15% daily, facing strong resistance at $0.29-$0.30 level
Funding rates stay negative at -0.02% across major exchanges, showing bearish trader sentiment
Analyst Alex Clay identifies bullish inverse head and shoulders pattern with targets up to $0.8900
2025 price predictions vary widely from $0.207 to $0.8900 across different platforms
SEI continues to trade at $0.2809 despite experiencing strong network growth over recent months. The cryptocurrency faces a complex market situation where fundamental metrics show improvement while price action remains constrained.
The network has seen substantial user adoption growth. Active addresses jumped from 250,000 to 600,000 users over the past six months. Daily transactions have crossed 1.6 million, indicating increased network utility and user engagement.
This growth suggests rising developer activity and successful decentralized application deployment on the Sei network. The sustained expansion points to genuine ecosystem development rather than temporary speculation.
Despite these positive fundamentals, SEI trades at $0.279, down 1.15% on the day. The price has struggled to break through a key resistance zone between $0.29 and $0.30.
This resistance level has acted as a supply zone since February. Multiple bullish attempts have been rejected at this level. While the price recently pierced the range, it has yet to close convincingly above it.
Technical Analysis Points to Potential Breakout
Crypto analyst Alex Clay has identified a bullish inverse head and shoulders pattern on the weekly timeframe. This reversal pattern typically signals a shift from bearish to bullish sentiment.
Awesome structure on Weekly Timeframe🔥
Breakout of iH&S formation and now breaking through the Key Zone (orange) + SuperGuppy resistance confluence👀
Looking for a rally in mid-term📈
🎯1 Target: 0.4895$
🎯2 Target: 0.6720$
🎯3 Target: 0.8900$ pic.twitter.com/lm8RjNucGN
— Alex Clay (@cryptclay) July 2, 2025
Clay notes that SEI is moving through a SuperGuppy resistance confluence. This combination of moving averages usually acts as resistance during declining trends. A breakthrough could indicate strengthening price action and increasing buying interest.
The analyst has set three mid-term targets based on the technical breakout. The initial target sits at $0.4895, followed by $0.6720 at a previous resistance area, and a high target of $0.8900 if momentum continues.
Social dominance for SEI spiked to 0.59% before cooling to around 0.25%. This rise in social mentions reflects heightened trader attention and increasing speculative interest.
Derivatives Market Shows Bearish Sentiment
Funding rates remain negative at approximately -0.02% across top exchanges. This indicates more traders are betting on downside moves despite recent price recovery.
Source: Coinglass
The Open Interest-Weighted Funding Rate sat at -0.0129% as of July 2nd. This highlights that leveraged traders maintain a bearish outlook even with improving network metrics.
This bearish sentiment in derivatives markets contrasts with the positive on-chain fundamentals. The mismatch between network growth and trader sentiment could create conditions for a short squeeze if buying pressure increases.
Trading volume has dropped 17.43% to $256.53 million over the past 24 hours. The price has declined 2.61% over the past week, reflecting broader market volatility.
Price predictions for 2025 vary widely across platforms. DigitalCoinPrice shows a bullish scenario with potential rises to $0.61 or higher throughout the year. The platform suggests SEI could retest its all-time high of $1.14.
Changelly offers more modest projections for 2025. Their estimates top out at $0.241 with a median of $0.274 and a low of $0.207. This would represent a -12.7% negative return on investment.
For July 2025, Changelly projects a mean price of $0.234. The range extends from a low of $0.193 to a maximum of $0.274.
The current setup presents a clear test for SEI bulls. A confirmed breakout above $0.30 would pave the way toward $0.337. A rejection could force another test of the $0.254 support level.
SEI’s network fundamentals continue to strengthen with 600,000 active users and over 1.6 million daily transactions, while the price remains below the critical $0.29-$0.30 resistance zone.
The post Sei (SEI) Price: Bullish Setup Could Trigger Major Rally appeared first on CoinCentral.
Filed under: News - @ July 3, 2025 9:28 am