SEI Becomes Top Gaming Chain, ETF Next? ATH in Sight

Key Insights

• SEI flips the BNB chain with 1M daily addresses, fueling network strength and adoption growth.
• Charts project 181% upside potential, targeting $0.85 by October if breakout momentum holds strong.
• Analysts say SEI is still in the bottoming phase, ranging between $0.30 and $1.10 key levels.

The SEI/USDT daily chart indicates a bullish structure forming for the months ahead. Each downtrend in recent months has been followed by a sharp recovery. In April, SEI gained about 60% after breaking its downtrend, while in July the token rallied nearly 93% under similar conditions.

Remarkably, the latest chart shows SEI positioned at the end of another downtrend, suggesting the potential for another breakout. A green projection box highlights a possible 181% move, which could place the token near $0.85 by October. According to Ryuzaki_SEI, “ATH coming in Oct,” pointing to the possibility of record highs if momentum continues.

Fundamental Growth Supports Market Strength

SEI has recently become the top gaming chain, surpassing the BNB chain in activity. Reports note that the network now records over 1 million active addresses daily. This growth in adoption supports the technical case for stronger market performance.

Alongside this expansion, attention has turned to a possible CBOE SEI ETF approval. While no confirmation has been issued, the expectation of such a development has been a focus of discussion in the trading community. The combination of increasing usage and market speculation has drawn further attention to SEI’s outlook.

Market Still in Bottom Structure Phase

On the 3-day chart, analysis from CryptoAmsterdam  suggests that SEI remains in a bottoming structure. The token is currently consolidating between a range low near $0.30 and a range high close to $1.10. A grey zone on the chart shows SEI pulling back into an area that previously acted as resistance, now being tested as support

The analysis notes, “Still forming a bottom structure (stage 3)… looking for more ranging here, and will be looking for a breakout.” This indicates the price may continue moving sideways before a decisive breakout attempt. A mid-range level at $0.65 is seen as a key area if the price advances beyond current consolidation.

Current Price and Market Context

At press time, SEI was priced at $0.2997 with a 24-hour trading volume of $182.27 million. The token has recorded a 0.11% decline in the past 24 hours and a 15% decline over the last seven days.

Despite short-term weakness, both technical structures and network activity suggest SEI may be preparing for larger moves in the coming months. Traders are watching for confirmation of a breakout above resistance levels as momentum builds toward October.