Background Information: The activity on the SEI network has significantly increased recently, with daily trading volume exceeding 1.5 million, active addresses surpassing 616,000, and a price increase of 12.72%, reaching $0.2097.
Key Events:
- Social media popularity and community sentiment have risen, indicating increased user interest, and sentiment changes follow on-chain data, showing that the growth is relatively genuine.
- Open interest and trading volume in the futures market have surged, indicating that traders are establishing leveraged positions in anticipation of price increases, but there is also a risk of liquidation.
- Spot fund inflow reached $2.19 million, the highest in weeks, which may indicate a return of funds supporting the price increase.
- The price is testing the key resistance level of $0.2135; if it breaks through the $0.2766 resistance, it could push the price to $0.35, but this requires volume and fund inflows to support it.
Potential Impact: If SEI can break through the key resistance and maintain fund inflows, it is expected to continue the upward trend in the short term; otherwise, it may retreat to a consolidation phase.