📈 $SEI chart flips bullish as price eyes $0.39 retest amid record network growth

SEI chart has flipped bullish, with the price tracking to retest $0.39. Meanwhile, the Sei network has hit a major milestone of over 1 million daily active wallets and record-high daily transactions.

After dipping to $0.16 in mid-June, Sei (SEI) price has rallied almost 150% to reach $0.39 peak in mid-July. At $0.39, the rally topped out and SEI price overcorrected to around $0.26, breaking the ascending trendline and dipping below the 20-day EMA.

However, sentiment appears to have flipped bullish following that overcorrection, with SEI price reclaiming the 20-day EMA and now moving parabolically toward the previously broken ascending trendline, which has turned into resistance.

If momentum holds and SEI breaks above the trendline resistance near $0.35, it’s poised to retest the $0.39 peak. Reclaiming that level could set the stage for a higher high, potentially somewhere around the 50% Fibonacci retracement level at approximately $0.43. From the current price of $0.32, this would mark 35% potential gain.

🔸 What’s driving #SEI price?

SEI’s bullish technicals are developing in tandem with strong fundamental momentum. The Sei network has recently surpassed 1 million daily active wallets and hit an ATH in daily transactions. MetaMask’s integration of SEI as a default network further boosted adoption, positioning Sei as the leading EVM chain by weekly active wallets, outpacing Base and opBNB.

💬 1M daily active wallets. ATH in daily transactions. Integrations with the world's most popular wallet and institutional-grade RWAs.The fastest L1 is becoming a frictionless layer for finance, and the metrics tell the story. Here's what you need to know Sei crossed 1M… — Sei (@SeiNetwork ) August 10, 2025

Institutional interest is rising as well, with Elixir launching fastUSD (a stablecoin collateralized by assets from major players like BlackRock, Hamilton Lane, and Apollo) on Sei.