After falling 22% from the year after year, Sei Price has turned back and Mohammed has been converted into a bear market.
Summary
- The SEI is 22% below its annual high, but remains in a rapid technical structure, which is jumping from major support levels.
- Network gaming activity is accompanied by 12.7m active wallet and 51.2 m monthly transaction.
- StableCoin supply and total values are closing, indicating the development of strong ecosystems.
SEI (SEI), a top layer -1 network, trading at $ 0.30 on Thursday, a few points up this month at a low of $ 0.2635. Here are some top reasons why SEI tokens are on the verge of a bull run.
SEI price technical are rapid
The daily chart suggests that SEI has been in a crippled Sinnas bottom at $ 0.1250 in April. The riband has formed high and high serials by creating an assignment channel. The token is now jumping from the lower limit of that channel.
The SEI has also rectified the 50-day and 100-day export average, both served as strong dynamic support. Additionally, the value of about 23.6% fibonacci retracement levels has been created.
Therefore, technology suggests that more reverse as buyers, which targets the upper part of the channel at $ 0.3890, which is 30% above the current level. A jump above that low will point to a higher profit at a 50% retracement point at $ 0.4312.
Ecosystem growth of Sei network
Another rapid catalyst for SEI tokens is that IT network growth is accelerating.
Data compiled by Dappradar suggests that SEI has controlled the gaming industry to dominate. It has more than 12.7 million unique active wallets in the last 30 days, making it the largest series. Its transaction counted from 8% to 36 million.
The same trend is happening in SEI’s Stabeloin Ecosystem, where a total support has increased by $ 268 million, the first point below its all-time 297 million. On August 1, Komal has jumped from $ 191 million, an indication that glory continues.
Additional data of Nansen suggests that network transactions increased by 91% to 51.2 million in the last 30 days. The active address rose 42% to 12.9 million, and the network fee increased by 25%.
The total value of the SEI network increased by $ 675 million, with top Dapps Yei Finance, Takara Lend, SAILOR and Stargate Finance.
