SEI forms a confirmed double-bottom pattern, holding above the $0.275–$0.295 neckline.
Symmetrical triangle consolidation points to tightening price action before breakout.
Stablecoin market cap nears $300M, supporting ecosystem liquidity growth.
SEI’s recent price structure shows strong support retention and bullish continuation patterns, signaling growing momentum as the network posts major ecosystem gains and prepares for a potential breakout to higher price zones.
Confirmed Double-Bottom Formation
Data from Crypto Target shows SEI is completing a multi-month double-rounded bottom between February and July 2025. The neckline at $0.275–$0.295 flipped into support after a late-June breakout.
https://twitter.com/cryptotarget11/status/1955302043465228738
This zone held firm during a July retest, sparking a rebound near $0.29. The price now trades at $0.3203, with higher lows reinforcing a bullish structure. Measured move projections from the pattern point toward the $0.65–$0.70 range if momentum continues.
Triangle Consolidation Near Resistance
Analysis from AltCryptoGems highlights a symmetrical triangle forming since mid-July, with support at $0.28 and resistance at $0.33. The breakout target sits near $0.36, with further upside possible toward the $0.45 double-top zone.
https://twitter.com/AltCryptoGems/status/1955275582544957868
The $0.26–$0.28 support has held for over a month. This confirms it as a key accumulation level. Consolidation near resistance often precedes major directional moves. This increases the probability of breakout if buying pressure persists.
Ecosystem Growth Boosting Liquidity
Not Telling on X reports accelerating network adoption, with SEI dApps surpassing one million unique active wallets in 24 hours for the first time. Stablecoin market cap stands at $289.69M, up 34% in a week, approaching the $300M barrier.
https://twitter.com/nottellingyou73/status/1955264122565570564
Over $500M was recently transferred into the ecosystem via Stargate Finance, while total wallets exceed 50M. Market cap trends show a June 2025 breakout from the $900M base to a $2B peak in July, followed by higher highs into August. Daily EVM wallet creation now dominates network growth, nearing 450,000 per day.
SEI’s technical and fundamental setups are aligned for potential upside..
