- SEI retests breakout zone with Fibonacci support, eyeing potential move toward $0.37.
- Daily active addresses near 1M as SEI network activity and adoption continue expanding.
- Etherscan launches Seiscan on SEI, boosting ecosystem tools while trading volume tops $300M.
Sei (SEI) is drawing market attention after forming a descending wedge pattern and breaking above resistance levels. With a retest of the breakout zone, $SEI looks ready for an upswing to $0.37. Traders and analysts are monitoring Fibonacci retracement levels as the token consolidates within a broader bullish structure.
Technical Structure and Market Levels
The 4-hour chart for SEI displayed a descending wedge pattern, breaking near the $0.2820 support. Price action moved above wedge resistance before retracing toward $0.2867, aligning with Fibonacci retracement zones. According to analysis by Ali Charts, the $0.2820 level acted as immediate support, matching the 0.786 retracement point.
Upside levels based on Fibonacci projections appeared at $0.2980, $0.3100, $0.3200, and $0.3340, marking areas where resistance could emerge. Historical movement recorded lows near $0.2660 and highs of $0.3650 within the observed timeframe. Market structure indicated higher lows, reflecting progressive stages of breakout, retracement, and continuation.
According to Sei Intern, projections extend toward $1.14 after crossing upper Fibonacci extensions. Daily performance showed SEI trading at $0.2907, a 1.82% increase. Market capitalization stood at $1.74 billion, ranking SEI at position #56. Circulating supply reached 6 billion SEI, with a total of 10 billion tokens available.
Network Growth and Ecosystem Expansion
Network activity has been expanding strongly. Daily active addresses recently approached one million, according to an observation by trader @MarcShawnBrown. He noted that user growth often precedes larger market movements, and SEI has tripled active addresses since January 2025.
Ecosystem development also progressed. Etherscan launched Seiscan, a dedicated block explorer for the Sei Network. The integration provided analytics, wallet tracking, and familiar tools for developers. The Sei team described Etherscan’s toolset as “battle-tested,” supporting millions of users daily.
According to data from CoinMarketCap, SEI traded near $0.86 with over $300 million in daily trading volume during the Seiscan launch. Analyst Ali Martinez stated that “a sustained close above $0.88 could trigger bullish momentum, pushing SEI toward $1.25.”
