In Brief
- Sei records $13.8B in stablecoin volume with 7M monthly transactions and rising adoption.
- $SEI forms Inverse Head & Shoulders pattern with breakout target between $0.60 and $1.20.
- Token unlock adds $12M in supply as RSI nears oversold and weekly losses reach 22.61%.
According to data from Artemis, Sei Network processed nearly 7 million monthly transactions with $13.8 billion in adjusted stablecoin volume. Stablecoin supply declined 27.53% to $148.7 million, yet active addresses grew 3.86% to 74,300.
DeFi remains the primary driver of stablecoin activity, followed by bridge usage and gaming. Despite a 66.63% drop in stablecoin volume this month, integration of assets like PYUSD, AUSD, and WYST may drive renewed liquidity.
Ecosystem expansion continues, with Sei attracting developers, projects, and early investors seeking exposure to scalable DeFi infrastructure. Metrics suggest the chain is positioning itself as a hub for real stablecoin utility and value transfer.
However, macro uncertainty weighs on price action as $SEI remains under pressure, currently trading at $0.2176. Weekly losses have reached 22.61%, highlighting selling pressure tied to token unlocks and weak altcoin sentiment.
$SEI Price Faces Resistance as Technicals Weaken But Chart Structure Holds
According to CoinMarketCap, $SEI gained 0.45% over the past hour but fell 2.10% in 24 hours. A 55.56 million SEI unlock on October 15, worth $12 million, added supply and triggered volatility.
This event coincided with a sharp price drop, pushing $SEI below its 7-day moving average at $0.228. The RSI is near oversold at 33.86, and the MACD histogram turned negative, confirming bearish momentum.
Despite current weakness, the macro chart shows a developing Inverse Head & Shoulders pattern, often seen as a bullish reversal setup. If $SEI breaks above $0.30, targets could extend to $0.60 and even $1.20.
Fibonacci levels show support at $0.199, while failure to hold $0.20 could send price toward June’s low at $0.107. A close above $0.23 may invalidate the bearish setup and shift sentiment positively.
Sei’s growing ecosystem, combined with technical consolidation, creates a pivotal moment for price direction entering the final quarter of 2025.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/sei-stablecoin-volume-soars-to-13-8b/