SEI Charts Hint at Rebound! Is $0.3450 the Next Stop?

 Key Insights:

• SEI gains 92% in 90 days, outperforming major Layer 1 blockchains like ETH and SOL.
• Technical charts show a double bottom pattern with weakening bearish momentum and rising short-term volume.
• On-chain growth includes $3.83B DEX volume, 130% wallet surge, and $300M stablecoin market cap.

SEI is showing early signs of a potential trend shift on the 1-hour chart. A double bottom pattern is forming near the $0.3150 support level, which has been tested twice and held. This price pattern often points to a pause or end in a previous downtrend. The current market price is $0.3199, slightly above the second bottom, showing some early recovery.

Technical levels suggest that $0.3250 to $0.3300 may act as the short-term breakout zone. If price moves past this area, traders may start looking toward resistance levels at $0.3350 and $0.3450. These are key levels where price has previously stalled or reversed.

Momentum Indicators Suggest Weakening Bearish Pressure

The RSI on the 1-hour timeframe is slowly recovering and is now near 50. This level indicates that selling pressure may be easing. If RSI continues to rise, it could support a move toward higher price targets. MACD is also showing a crossover, where the MACD line is starting to move above the signal line. This often signals that momentum is changing from bearish to bullish.

Volume has also picked up slightly, which may confirm interest at current levels. Bollinger Bands are tightening, which could indicate a possible breakout. Price is also starting to trade above short-term moving averages, which are beginning to slope upward.

SEI Outpaces Major Layer 1 Blockchains

Over the past 90 days, SEI has gained 92%. In comparison, the CoinMarketCap 100 index rose by 22% during the same period. SEI’s performance stands out among Layer 1 assets, outperforming Ethereum (8%), Solana (6%), and BNB (4%).

This price movement is backed by on-chain activity. Sei Network recorded $3.83 billion in DEX volume over the last three months. These have been the strongest trading months in 2025 so far. Growth in activity may be helping to support the current price recovery.

User Activity and Network Growth Continue to Rise

Unique wallet addresses on Sei have increased by 130%, with a current total of 65.85 million. The platform also leads in unique active wallets over the past 30 days, with 15.94 million, according to dAppRadar.

The stablecoin market cap on the Sei Network reached nearly $300 million in August. This growth in usage may be tied to increased interest in DeFi projects on the platform. Together, these metrics show continued engagement with the Sei ecosystem.