Well, well, well! Sei’s price has been on a rollercoaster ride down the rabbit hole for the past few months! 🎢 But hold onto your hats, folks, because the technical and fundamental indicators are waving a little flag saying, “Hey, a rebound might just be around the corner!”
Sei (SEI), our beloved layer-1 token, has plummeted to a staggering low of $0.1722 this week! That’s over 70% down from its high in December! Talk about a dramatic fall! 😱
According to our friends at DeFi Llama, Sei’s decentralized finance ecosystem is firing on all cylinders! Or maybe it’s just firing blanks? Who knows! 🤷♂️
But wait! The total value locked in the network has jumped to a record high of $340 million! That’s a significant leap from its February low of $170 million! It’s like watching a turtle outrun a hare in a crypto crash! 🐢💨
Most players in the Sei ecosystem have been busy adding assets this month. Yei Finance, a top lending protocol, has racked up nearly $200 million in assets! That’s a 90% increase from last month! They must be doing something right! 💰
Sailor, a DEX network, is holding onto $53 million in assets, while Stargate, Dragon Swap, and Avalon Labs are also joining the asset-adding party! 🎉
And guess what? Sei’s price might just get a little boost from rising demand! Donald Trump’s World Liberty Financial recently decided to splash out over $100,000 on SEI tokens! Looks like someone sees value in this token! 💸
Sei Price Technical Analysis
Now, let’s take a peek at the daily chart! SEI’s price has been on a downward spiral, dropping from a high of $0.7343 in November to a low of $0.20 this month! It’s like watching a sad movie on repeat! 🎬
The token has formed a double-bottom pattern at $0.2038, with a neckline at $0.7343. A double-bottom is one of the most popular bullish reversal patterns in the market! It’s like a phoenix rising from the ashes! 🔥
SEI has also formed a bullish divergence pattern! The MACD indicator is rising even as the price falls! It’s like a magician pulling a rabbit out of a hat! 🎩🐇
So, what’s next? The token is likely to bounce back in the next few days! Keep your eyes peeled for that $0.7343 mark, which is about 265% above the current level! But beware! A drop below $0.180 will throw a wrench in the bullish view! 🛠️
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2025-03-14 17:21