SEI Holds $0.106 Support: Bulls Target a Potential Breakout Toward $0.115
- Sei Network saw a 200% rise in active addresses, surpassing Ethereum, Solana, and BNB.
- Circle, PayPal, and Revolut join Sei Network to reshape digital payments and settlement.
- SEI holds above $0.106, eyeing bullish momentum toward $0.115.
Circle, Tether, PayPal, and Revolut establish a new capital stratum on the Sei Chain, redefine digital currency, payments, and settlement, and forge the future of money. And alongside these innovators, Ondo, Securitize, KAIO, and CoinList are revolutionizing the process of capital formation through tokenization, compliance, and distribution.
Interoperability rounds out the market infrastructure layer by providing connectivity between blockchains through the efforts of LayerZero, Wormhole, and deBridge. These companies collectively power the Capital System that underlies the Sei Capital System that provides institutional-grade trading, settlement, and asset movements globally around the world today.
Also Read: SEI Price Forecast Points to Short-Term Recovery From Support Zone
Sei Network Leads Crypto in Active Address Growth
However, the crypto analyst, andrew.moh, noted that Sei Network has taken the first place in the crypto ranking by the growth of active addresses within the last 365 days, registering nearly a 200% increase. This outperforms leading Layer 1 blockchains, as BNB Chain experiences a 93% increase, Ethereum experiences a 23.5% increase, and Solana experiences a significant drop of 65.5%.
Source: andrew.moh
Such an expansion indicates Sei’s successful outreach in increasing its user base through diversified network stories. Rather than focusing on just one area, Sei has been able to engage users in trading, DeFi, gaming, and consumer applications. The statistics point towards an increasing level of engagement, establishing Sei as a rapidly evolving player in next-generation Layer 1 blockchains.
SEI Stabilizes Above $0.106: Can Bulls Push Toward $0.115?
However, the crypto analyst, Ali, revealed that the SEI is still remaining above the critical support level of $0.106. SEI is managing to remain above this critical support level. As a result, market analysts take this as an indication that the buyers in the market are in control and there is less sell pressure in the market.
Source: Ali
If the market can hold steady above support, then SEI could see further momentum towards the level of $0.115. There is no bearish sign in the technical level, and so a breakout could see new buying enter the market, or SEI could fall below $0.106 if the bearish outlook is rejected.
Also Read: SEI Price Nears Critical Support, Bullish Signals Ignite $0.16 Breakout
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