Sei Coin is currently trading at approximately $0.1195, experiencing a 1.24% decline over the past 24 hours and a marginal 0.33% drop for the week. This recent price action indicates a period of consolidation following attempts at upward movement that have not succeeded in gaining momentum.
Despite the price pullback, network activity is surging, highlighting a robust growth in usage. Notably, there has been a 152% increase in P2P stablecoin supply held in wallets for direct transfers over the last six months, nearing the $100 million mark. This notable expansion in payment activity is accompanied by rapid transaction settlements and remarkably low fees, averaging around $0.0001. This is significantly more cost-effective compared to other major blockchains, being about 40 times cheaper than Sui and roughly 80 times lower than other prominent EVM chains.
In the last month, Sei has successfully handled transactions at scale while providing some of the lowest fees in the industry. The network”s daily active addresses have surpassed 1.5 million, effectively doubling within four months and establishing new all-time highs in network activity. Additionally, capital flow through the ecosystem has been impressive, with Yei Finance reporting a cumulative volume of $685 million and total protocol revenue reaching $7.3 million. Arbitrage activities are also on the rise, with Carbon DeFi noting a 29% week-over-week increase in Arb Fast Lane volume on the Sei platform.
Looking ahead, Sei Labs has detailed its roadmap towards Sei Giga, including upcoming upgrades to EVM compatibility and the introduction of a new Tooling & Infrastructure System as part of its Market Infrastructure Grid. Ongoing research into quantum security has also been released, indicating a commitment to advancing the network”s capabilities.
From a technical standpoint, the price structure of Sei Coin has garnered attention from traders. Analyst Lennaert Snyder has observed that the price has swept liquidity twice and disrupted short-term market structure, identifying $0.1169 as the critical support level that buyers must maintain. If this support holds, long positions remain justified, with $0.128 marking a significant resistance level and $0.136 as a potential upward target if momentum shifts.
Broader analysis from another trader indicates that Sei is compressing within a long-term descending wedge, with current pricing testing support near $0.12. This technical formation suggests that while downside risks appear limited, repeated attempts to break higher have stalled under the trendline. A long-term resistance level near $1.1444 remains considerably distant from current prices, emphasizing the tight market conditions.
Current momentum indicators present conflicting signals. The relative strength index (RSI) hovers around 47, indicating a neutral market condition. Conversely, the MACD and short-term momentum indicators have recently flipped to buy signals, suggesting that selling pressure has subsided. However, most moving averages, spanning from the 10-day to the 200-day, indicate a bearish trend, leaving longer-term signals pointing downward.
At this stage, Sei Coin continues to trade in a state of balance, with buyers active near support levels and sellers present at resistance points, as the market awaits further confirmation of direction.
