Market activity further supports bullish prospects. Analyst Marc Shawn Brown notes its daily trading volume of $200–$250 million nearly doubles the combined volumes of Internet Computer (ICP) and Kava (KAVA).
SEI shows early signs of a rebound after a prolonged decline, supported by a confirmed TD Sequential buy signal and bullish RSI divergence, according to analyst Ali. Key Fibonacci resistance levels stand at $0.32 and $0.34, with a sustained move above $0.32 likely confirming a short-term reversal toward $0.34.
This consistent lead highlights strong liquidity and investor confidence, positioning it as a dominant layer-1 blockchain and reinforcing its potential for continued price action and broader market influence.
Technical Indicators Point to a Potential Rebound
The token is attempting to recover after an extended decline that began earlier this month. Analyst Ali reported that the hourly chart has confirmed a TD Sequential buy signal, often regarded as a pattern that can end corrective phases. At the same time, the relative strength index (RSI) has shown a bullish divergence, where the price recorded lower lows but the oscillator set higher lows. This combination signals improving upward momentum.
SEIUSDT Chart | Source:x
Ali projects that if the support near $0.31 remains intact, it could start an upward move toward $0.34. The chart indicates key resistance at the Fibonacci retracement levels of 0.236 near $0.32 and 0.618 near $0.34. A clear break above these points may confirm a short-term trend change and strengthen buyer confidence. Until then, the price remains confined between the $0.31 support and the $0.32 resistance levels.
Trading Volume Surpasses Comparable Layer-1 Projects
Analyst Marc Shawn Brown observed a notable surge in the Network’s trading activity when compared with similar blockchain projects. Using data from CoinGecko and visualized by Artemis, Brown pointed out that its daily trading volume is nearly double the combined volumes of Internet Computer (ICP) and Kava (KAVA). From September 7 onward, its daily trading volumes have stayed in the $200 million to $250 million range, indicating steady market participation.
SEI Chart | Source:x
In comparison, Internet Computer has maintained volumes below $75 million, and Kava around $25 million. This gap reflects the growing activity on its network and the strong interest from traders. The consistent lead in trading volumes provides it with robust market liquidity, which is essential for efficient trade execution and short-term price stability.
Current Market Performance and Key Levels
At the time of writing, the asset trades near $0.32, showing a 6.29% decline in the past 24 hours. The trading session began close to $0.32 and briefly moved higher before a downward turn pulled the price to around $0.312. This area provided temporary support, allowing minor rebounds later in the session. Trading volume during this period was about $156 million, with activity highest during the initial drop and tapering off afterward.
SEIUSD Chart | Source: BraveNewCoin
Market data records the asset’s market capitalization at approximately $1.94 billion, with a circulating supply of about 6.13 billion tokens. These figures position the token among the more actively traded layer-1 blockchain assets despite recent selling pressure. Continued monitoring of support at $0.312 and resistance at $0.32 will be essential for traders seeking to gauge short-term price direction.
Outlook for Critical Price Zones
For market participants, immediate attention remains on the $0.312 support zone. A decisive move below this level could trigger additional selling and push prices lower. Conversely, if buyers close above $0.32, a move toward $0.34 becomes likely, matching Ali’s technical projections.
The combined strength of the TD Sequential buy setup and the observed bullish divergence creates conditions that could encourage more buyers to enter. However, sustaining upward momentum will depend on holding the $0.31 support and breaking through the overhead resistance at $0.32.
