Sei Network's native token, $SEI, surged over the weekend, breaking a critical resistance level of $0.1155 and reaching $0.1210. This movement confirmed analyst Lennaert Snyder's breakout prediction, as the price rebounded from a $0.1108 support level. Traders are now eyeing further movements, with potential long positions at $0.1277 and shorts if the price falls below $0.1153. The network's recent removal of fees has bolstered its appeal, enabling high-frequency trading and scalable on-chain applications. This infrastructure enhancement allows Sei Network to process thousands of trades efficiently, supporting innovative applications in modern markets. Analysts highlight the network's strategic alignment and performance capabilities as key drivers of its growth.
Sei Network Surges as $SEI Breaks Key Resistance
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