$SEI Eyes Breakout to $0.22 as Bullish Wedge Forms on Hourly Chart

In Brief

• SEI forms falling wedge near $0.188 with breakout targets at $0.207 and $0.223.
• Active addresses hit 13.1M in September, surpassing Ethereum and Polygon.
• Giga upgrade promises 200,000 TPS with sub-400ms finality, boosting network speed.

Sei ($SEI) is forming a falling wedge pattern on the hourly chart, with price action hovering around $0.188. The wedge ranges between resistance at $0.195–$0.20 and support near $0.178, signalling a consolidation phase.

This setup suggests a possible breakout, with upside targets aligned with Fibonacci retracement levels at $0.207 and $0.223. A confirmed move above the wedge may validate the short-term bullish reversal and lift SEI toward $0.22.

Momentum indicators on lower timeframes support a potential breakout as buyers continue to step in near support zones. At press time, SEI is trading at $0.1947, gaining 2.70% in the past 24 hours despite a minor hourly pullback.

Moreover, the weekly chart shows a macro bull flag with two breakout points around $0.67 and $1.40. This structure points toward a broader bullish continuation that could push SEI to the $2.93–$3.00 range in a sustained rally.

On-Chain Metrics and Ecosystem Growth Support Momentum

SEI recorded over 13.1 million monthly active addresses in September 2025, surpassing Ethereum, Polygon, and Aptos. This rise reflects growing user activity and network demand, supported by strong DEX volume exceeding $10 billion in Q3.

The surge in usage also pushed SEI to the fifth spot globally in active addresses, according to data shared by Allium. While BNB Chain and NEAR still lead, SEI’s steady growth highlights its increasing market relevance.

In preparation for the Giga upgrade, Sei Labs benchmarked node performance using multiple storage backends for improved speed. RocksDB showed a 10–40× reduction in latency during indexing-heavy historical queries, improving node responsiveness significantly.

The Giga upgrade will introduce sub-400ms finality and throughput of 5 gigagas per second, targeting over 200,000 transactions per second. As technical improvements align with bullish setups, SEI could gain further traction during the broader altcoin market cycle.