SEI broke out with record volume, doubling from $0.1450 to $0.3061.
SEI topped daily wallets with 335.9K, beating ETH, Sui, and Avalanche.
SEI leads DEX volume at $6.2B, backed by strong price and user growth.
SEI is showing undeniable strength after posting its highest-ever weekly volume and leading in returning wallet activity. Momentum has shifted across both price and on-chain data, placing SEI in a strong technical position.
Momentum Builds as Price Breaks Resistance
According to CryptoBullet, SEI has confirmed a clean breakout from its multi-month rounding bottom formation between points A and B. The structure captures a textbook-based pattern that stretches from early weakness into renewed demand. Buyers have stepped in hard, reacting near the neckline with conviction.
https://twitter.com/CryptoBullet1/status/1939661822686347342
As price moved through the MA21 curve, volume spiked to its highest level ever on the weekly timeframe. This surge clearly shows strong follow-through and fresh bullish energy behind SEI’s recent rally. Price has doubled since May, jumping from $0.1450 to $0.3061 with barely any resistance.
The green target zone placed above the $1.00 mark signals a possible roadmap if momentum persists. This area has now become a focal point for bulls tracking continuation strength. The dotted path above the neckline suggests SEI could maintain its aggressive trajectory in the sessions ahead.
Assessing the recent weekly performance, the sharp volume confirms a shift in participation and sentiment toward a bullish outlook. The upward curl of the MA21 line adds extra validation that trend direction has flipped decisively. Structural integrity and demand zones remain intact above the breakout line.
On-Chain Activity Confirms Strong Network Traction
SEI is also leading in daily returning users, flipping Ethereum, Sui, and Avalanche on June 28. According to Ryuzaki, the network recorded 335.9K active wallets, outpacing Ethereum’s 315.4K and more than doubling Sui’s 198.0K. Avalanche followed with just 38.4K, confirming SEI’s widening gap.
https://twitter.com/Ryuzaki_SEI/status/1939623767069876231
This wallet activity spike isn’t isolated - it aligns perfectly with the chart’s surge in volume and price. SEI’s network appears not only active but sticky, with users returning daily and contributing to its DeFi ecosystem. The total count across all four chains hit 887.7K, with SEI taking the largest share.
What stands out is how the on-chain data supports the breakout narrative already playing out on the SEI chart. This level of confirmation often precedes broader market attention and deeper liquidity. With SEI pushing past $6.2 billion in swap volume and commanding user dominance, the setup remains bullish.
SEI has now positioned itself at the front of both price action and user re-engagement - a rare combination in volatile markets.
The post SEI Just Hit $6.2B in Volume-Are Traders Preparing for the $1.00 Move? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
