Could SEI Experience a 40% Boost? Essential Details Revealed

SEI's price is forming a triangle pattern, indicating a potential breakout if it clears the $0.345 level. Active addresses have increased by 83% in the past three months, surpassing 1 million users due to growing demand in the ecosystem. Sei Labs has recently launched Monaco, a protocol designed for institutional trading, offering rapid trading speeds on a decentralized platform. Despite a 5% drop in the past 24 hours, SEI is trading around $0.32.

Analyst Ali Martinez suggests that an increase above $0.35 could trigger a breakout towards $0.44, a 40% gain from the current price. SEI's futures are maintaining stable levels, indicating that traders remain involved without adding high leverage. Meanwhile, daily activity on the Sei Network has steadily increased, likely influenced by the launch of Monaco.