SEI crypto is trading at $0.3832, previously rallied from $0.20, peaking at $1.20 in mid-2024. This upward movement established a strong bullish trend. A significant pullback occurred, with prices consolidating near $0.40.
SEI traded in an ascending triangle, indicating potential accumulation and bullish sentiment. Key resistance levels at $0.60 and $1.00 were tested but not sustained. Historical support near $0.20 reinforced investor interest during price corrections.
Future projections indicated SEI could reclaim $1.20 and possibly break higher, targeting $1.60 by April 2025. This represented a 400% growth opportunity. A breakout above $1.00 would likely trigger renewed bullish momentum.
SEI crypto remained undervalued, supported by previous price patterns and consolidation near key levels. If bullish momentum persisted, SEI could reach its projected targets within the forecast period.
SEI TVL Outpaces Price Decline
SEI’s TVL declined from $250M to $50M, while its price dropped from $0.8 to $0.4. Despite this, TVL consistently held better than the price, signaling robust network engagement.
Price faced resistance at $0.7, failing to break above it during consolidation phases. This divergence suggested a stronger underlying ecosystem despite bearish price action.
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SEI TVL stability indicated potential bullish momentum and recovery if sentiment shifted. Historical trends showed similar divergences leading to price rebounds.
SEI could recover aggressively well, with TVL resilience hinting at sustained investor interest and future network expansion. The potential for upside remained significant based on these patterns.
SEI Resilience Strong Despite Market Meme Downturn
The wallet balance totaled with SEI reflected a 0.97% daily increase. SHENRN gained 3.38%, while SEIYAN rose 2.19%.FROG maintained stability, up 1.06%. However, MILLI declined by 0.96%.
Meme tokens like CHIPS and NAPCAT showed limited movement, with minor gains of 0.47% and 0.12%, respectively. Liquidity was reallocated, indicating adjustments in portfolio strategy amidst volatile market conditions.
SEI showed resilience despite broader meme token struggles, holding steady during turbulent periods.
This consistency suggested potential for recovery in line with market stabilization. Portfolio diversification hinted at cautious optimism, supporting potential upward trends as market sentiment improved.
SEI’s stability, coupled with relocation efforts, would likely strengthen its recovery trajectory, especially as market conditions stabilized.
SEI Crypto to Unlock 1.32% of Circulating Supply
The weekly token emission totaled $2.61 billion, with significant unlocks across various projects. On January 15, SEI unlocked $21.06 million, representing 1.32% of its circulating supply.
STRK unlocked $27.55 million, accounting for 2.65% of supply, while ENA unlocked $11.98 million, or 0.42% of supply. On January 16, ARB saw the largest unlock at $69.32 million, representing 2.20% of its supply.
January 17 marked notable unlocks for APE at $17.32 million (2.16%) and PRIME at $10.07 million (1.42%). ONDO experienced a dramatic unlock on January 18, releasing $2.42 billion, an astonishing 134.21% of its supply.
Other smaller unlocks included CLOUD at $8.28 million (27.18%) and PIXEL at $7.68 million (7.05%) on January 19. SEI’s unlocked position positioned it among notable contributors while maintaining a lower impact compared to ARB and ONDO.
This trend indicated strategic emission schedules, with higher unlock percentages suggesting potential liquidity risks or upcoming price shifts depending on market demand.
