🚨 The awakening of $SEI trying to restart 🚨
✅️ $SEI returns to grow after a downtrend, supported by a network upgrade. The rebound had been halted. Now it targets resistance at 0.31 USDT
▶️ Among the altcoins, after a few days of decline, bullish movements are again being recorded, even among those somewhat forgotten, as in the case of Sei (SEI) which closed yesterday at +6.1%. Currently, SEI is priced at 0.3069 USDT and has recorded an increase of +9.80% since the beginning of the week.
▶️ The rise of SEI in the month of August marks +4.57%, following +4.23% in July and +45% in June.
▶️ SEI is the native token of the Layer1 blockchain built with Cosmos SDK. Designed for on-chain trading, it guarantees fast finality (~300 ms), combining the speed typical of CEX with security and decentralization.
▶️ At the current value, SEI has a market cap of 1.76 billion dollars and is ranked number 55 on CoinMarketCap.
▶️ SEI recorded its ATH in March 2024 at 1.1453 USDT, from which a corrective phase began.
▶️ The decline brought the price to mark a low of 0.2024 USDT in August 2024. From there, a significant rebound phase started, pushing Sei, in November, up to the main vector resistance in the area of 0.60750, with a maximum of 0.7364 USDT.
▶️ In 2025, a downtrend phase opened, with four consecutive months in red until the low of April at 0.1317 USDT. From this level, the price then reacted upwards, initiating the currently ongoing phase.
▶️ The first short-term resistance is at 0.31 USDT. The next level is at 0.3260 USDT: a breakout of the latter could bring Sei back to the July highs aiming then for the area of 0.4327 USDT. However, confirmations are still needed to assess the strength of the movement.
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