$SEI price retests key breakout support between $0.3200 and $0.3160, with bullish momentum pointing toward a target of $0.39.
Sei Network surpasses one million daily active wallets and records all-time high transactions, signaling strong and sustained on-chain activity growth.
MetaMask adds Sei as a default network, simplifying onboarding and increasing exposure to millions of users across the crypto ecosystem.
A bullish retest on $SEI emerges as the price reclaims key support after breaking out of a descending channel on the 4-hour chart.
Breakout Structure Supports the $0.39 Target
According to @ali_charts, $SEI surged past the 0.5 Fibonacci retracement at $0.3201, briefly touching the 0.618 level at $0.3354 before pulling back. This retracement is now testing the $0.3200–$0.3160 range, the former resistance zone, as new support.
https://twitter.com/ali_charts/status/1954819575868170538
The price structure reflects a textbook bullish retest setup. If this support stays intact, the buyers could move toward the 0.786 Fibonacci level at $0.3584 and possibly the psychological $0.39 level. The volume trend confirming a double bottom and resistance level turning support also supports this outlook; meanwhile, the dip may be a good accumulation zone.
On-Chain Growth Aligns With Technical Momentum
Sei Network’s fundamentals are also showing strong momentum. Daily active wallets recently surpassed one million, while transactions reached record highs. These figures indicate that the network’s activity surge is driven by actual usage, not just wallet signups.
Adding to this growth, MetaMask integrated Sei as a default network. This integration exposes the chain to millions of users, enabling instant onboarding without manual network setup and increasing accessibility for potential new participants.
Consistent EVM Network Leadership
Sei Network has maintained its lead in EVM chain rankings for two consecutive weeks based on weekly active wallets. The network has outperformed other major chains such as Base and opBNB, demonstrating sustained user retention and activity expansion.
This combination of a bullish chart structure and strong on-chain growth supports the case for buying the current dip. If buyers continue to defend the breakout zone, the price path toward $0.39 remains in play.
