- Sei price is down 8.1% to $0.2916, even with 2M+ daily transactions and $500M in TVL.
- Sei network hit a record 938,000 active addresses, a 300% Year-over-Year surge, signaling massive user growth and on-chain activity.
- Technicals show SEI hovering above key support at $0.27–$0.28; a rebound could trigger a 56% rally
Sei price has dropped 8.1% in the last 24 hours to trade at $0.2916 as of 12:44 a.m. EST on a 5.3% surge in trading volume to $227 million.
The price drops happens despite Sei network active addresses soaring to a new all-time high of 938,000, marking a 300% Year on Year (YoY) growth.
Sei also registered over 2 million daily transactions and over $500 million in Total Value Locked Value behind Unichain and Aptos. Sei is the 14th largest network by TVL according to data from the DeFi Llama platform.
Analysts continue to rate Sei as a solid player in the cryptocurrency market. This assessment highlights its perceived stability and standing among digital assets.
Sei Price Goes Parabolic Amid 300% Active Addresses Growth
The SEI/USDT chart shows the asset is currently sitting at $0.2917, down a measly 0.70%. The 200-day SMA (Simple Moving Average) sits at $0.427—way above the current price—hinting that we’re still in a dip zone. But the 50-day SMA is trending around $0.16576, and price is well above that, suggesting some long-term bullish vibes.
The price action shows a recent drop, but it’s bouncing near the $0.27-$0.28 support level, which could be a launchpad if the bulls charge in.
The MACD (Moving Average Convergence Divergence) is threatening a bearish crossover, with the MACD line approaching the signal line. If bulls come in at this point the MACD could bounce , fueling a 56% pump if the trend holds.
The RSI (Relative Strength Index) at 53.44 is neutral, not overbought yet, so there’s room to run without burning out. Meanwhile the Average Direction Index (ADX) at 31.57 shows decent trend strength, but it’s not signaling “mega trend” just yet, so keep an eye on that.
Can SEI Price Surge 56% In August?
The 300% YoY active address boom is the real winner here. More wallets moving SEI signals growing adoption, possibly tied to Sei’s layer-1 blockchain flexing its muscle in DeFi or gaming.
If this hype translates to volume, that $0.39 resistance could crumble, pushing us toward $0.46, or even higher if FOMO kicks in. But the chart shows some red flags — those recent red candlesticks show price is bleeding, and a break below $0.27-$0.28 support sone could send SEI price crashing to $0.14112.
If the address surge drives demand and the MACD bounces off the signal line, then Sei networ price has a shot at $0.39 or beyond by end of August.
What’s your Reaction?
+1
1
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
