SEI/USDT
đ Current Market Snapshot
Price on Binance: Approximately $0.2827, down about 6.4% over 24 hours.
24âHour Range: Trading between roughly $0.2738 and $0.3360, with significant trading activity (~134.7M SEI) on Binance.
đ Whatâs Driving SEI Recently?
Pump & Correction
SEI witnessed a ~41% surge within a single day due to a technical breakout (from a falling wedge pattern), increased DeFi activity, and general market optimism economictimes.indiatimes.com+15coingabbar.com+15cryptometer.io+15gate.io+2binance.com+2coinalyze.net+2. The recent dip likely represents a typical pullback after such a sharp rally.
Analysts flagged resistance around $0.30, suggesting a break above could trigger more upside; conversely, support near $0.26â$0.27 is key to maintain .
Growing Ecosystem & Institutional Tailwinds
DeFi usage on SEI Network is strong, with TVL roughly $1.1B, up 115% YTD coingabbar.com+1cointelegraph.com+1.
The network was selected by Wyoming for a U.S. stateâbacked stablecoin pilot, signaling institutional recognition coingabbar.com+1coinspeaker.com+1.
A proposed SEI ETF filing and move toward full EVM compatibility (SIPâ3) are also fueling sentiment cointelegraph.com+14coingabbar.com+14coinedition.com+14.
đ Technical & Forecast Overview
Short-term correction expectedâRSI shows overbought conditions, so some pullback around current levels is normal in.tradingview.com+4coingabbar.com+4ambcrypto.com+4.
Key levels to watch:
Resistance: Near $0.30â$0.34
Support: At ~$0.26, then ~$0.20 in case of deeper sell-off coingecko.com+15coinspeaker.com+15tradingview.com+15.
Mid-term upside potential: If bullish range holds, targets around $0.40, $0.46, even $0.64 based on Fibonacci extensions coinspeaker.com+1binance.com+1
If you're already invested: The dip may be a good opportunity to hold or add as long as SEI stays above key support (~$0.26).
New buyers: Consider waiting for a break above the $0.30 level with solid volume before enteringâhelps manage the risk of chasing a fast rally.
