SEI price surged 28% in seven days, ending a seven-month downtrend that began in November 2024.
Daily SEI network transactions tripled in Q2, reaching 1.6 million and reinforcing bullish price momentum.
SEI’s Total Value Locked hit $590 million, signaling strong DeFi activity and increased user confidence.
SEI recorded a 28% gain over the past seven days, marking one of its strongest weekly performances in over a year. The rally in prices cut a very long-standing downtrend in the price that started in November 2024. A breakout of a descending channel confirmed this movement and indicated an optimistic view of investors, as well as a potential change in the direction of the market sentiment.
The Relative Strength Index less than 50 entered into the bullish direction even before the end of 2024, indicating a positive value change to positive. Nonetheless, analysts observe that the RSI needs to make a top higher than that witnessed previously to validate the trend that is ongoing.
The present trading value of SEI stands at 0.286 (2.95 percent) decline over the last 24-hours hours, even though it managed a weekly rise.
Technical Levels Eye Further Upside
Following the breakout, the next technical resistance is located at the 61.8 percent Fibonacci retracement level near $0.50. This level previously served as strong resistance during SEI's Q4 2024 rally. If the price surpasses this mark, the psychological resistance of $1 could come into focus. SEI last reached this level in March 2024.
On-chain metrics remain favorable. Daily transactions on the SEI network have tripled in the second quarter of 2025, now peaking at over 1.6 million, according to Nansen. This rise in activity aligns with heightened interest in SEI’s DeFi ecosystem, where Total Value Locked has climbed to an all-time high of $590 million, per DeFiLlama data.
Capital Flows Yet to Confirm Full Bullish Reversal
The Chaikin Money Flow indicator has failed to rise above zero, yet it is still creating higher lows. When it shows a crossover into positive, there would be a sign of improved capital inflows, which would confirm that the investors have maintained an interest. Before that, bullish momentum, although bright, can be under a question mark.
Since the network of SEI is developing and there is an increasing number of users executing DeFi transactions and taking the asset, traders and market participants carefully observe whether the asset will have further upward trends. As long as the current trend continues, SEI might experience new highs as a result of the increased buying pressure.
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