SEI, the native token of Sei Network, is currently trading near $0.196, firmly holding above the key $0.19 support level amid a descending triangle pattern formation. Crypto analyst Ali emphasizes that this support has been tested multiple times without breaking, showing resilience against selling pressure. A breakout above the $0.21 resistance could confirm bullish momentum, targeting the $0.24 zone, while a drop below $0.19 might trigger a decline toward $0.18. Trading volume remains subdued, indicating market participants are awaiting a clear directional move.
In a separate bullish projection, Bitcoinsensus forecasts a potential bull market run for SEI, with a target of $3 based on technical analysis. This outlook is supported by patterns like a falling wedge breakout and a macro bull flag formation on weekly charts, which historically signal reversals and continuations. SEI's fundamentals include a total supply of 10 billion tokens, a circulating supply of approximately 3.4 billion, and a Total Value Locked (TVL) of around $1.2 billion as of October 2025. The network, launched in August 2023, is a Layer-1 blockchain optimized for decentralized exchanges, boasting support from institutional investors like Multicoin Capital and hosting major DeFi applications such as Vertex Protocol and Seaport.
However, risks persist, including high volatility due to SEI's market cap under $700 million, competition from rivals like Solana, Aptos, and Sui, and timing uncertainties tied to Bitcoin's dominance potentially delaying altcoin gains into 2026-2027. Analysts note that if Bitcoin remains stable, liquidity could flow into altcoins like SEI, aligning with post-halving cycles expected to peak in late 2025 to mid-2026.
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