$SEI Price Analysis: 👇💹

Sei is showing signs of recovery after weeks of downtrend. 🚀

#SEI has formed a bullish double-bottom pattern with support at $0.16880 and a neckline at $0.2725—a structure often seen as a strong reversal signal in technical analysis.

It has also built a bullish flag pattern, marked by a steep upward move followed by a descending channel, indicating potential for further upside. If the price breaks above the neckline at $0.2725, it could rally toward $0.3058. 📈

Some of the Fundamental & On-chain Growth could drive the SEI price up 🔥

1️⃣ SeiNetwork being selected by the Wyoming Stable Token Commission for WYST makes it the tech backbone for the first U.S. state-issued fiat-backed stablecoin, showing its regulatory trust and mainstream appeal.

2️⃣ Deployment via LayerZero enhances interoperability and visibility.

3️⃣ 30% rise in transactions (35M+) and 100% growth in active addresses (7.6M) signal strong user demand. It ranked #2 in gaming with 2.5M weekly UAWs and 29.16M transactions, driving consistent usage.

4️⃣ Sei is also a big player in DeFi, with a TVL of $550M and a stablecoin market cap exceeding $215M.

These numbers are significantly higher than those of some popular chains, such as Hedera, Cardano, and Algorand.