• Sei approaches key support zones, signaling a possible trend reversal as traders eye renewed bullish momentum.
• Network surpasses $10B in DEX trading volume, underscoring its expanding influence and user confidence in the DeFi space.
• Focus turns to $0.16–$0.175 and $0.13–$0.145 support areas, which could define the altcoin’s next recovery phase.

Sei (SEI) is exhibiting short-term weakness heading towards significant support zones. Recently, the network hit a significant landmark, breaking through notable DEX trading volume for the year. Increasing participation and institutional interest are noted features of the project’s growing footprint within the DeFi space.

At the time of writing, the asset is trading at $0.1916, representing a 0.16% increase within the last 24 hours. The coin has a market capitalization of $1.20 billion and cites a 24-hour trading volume of $205.74 million.

Sei Network Shows Growing Strength

The company just revealed that the trading volume of its decentralized exchange (DEX) system exceeded $10 billion in the previous year. This achievement signals increasing adoption of the asset and the growing maturity of the DeFi infrastructure.

It indicates increased trading excitement and speaks volumes about the growing level of network liquidity and active engagement. The network also sees increased institutional interest, and capital market action grows explosively. This rise of professional and institutional interest speaks well for the long-term prospects of the network and makes Sei a significant participant in the broader crypto market.

Also Read | Sei Price Strengthens as Market Signals a Major Breakout Ahead

Sei Network Poised for Recovery Move

Technically, the crypto analyst CryptoPulse observed that SEI crossed down beneath its uptrend line and is now heading towards the two crucial demand zones, which have been strong supports in the historical charts. First, the zone of this utility coin of price lingers between $0.16 and $0.175, the second zone of this utility coin touches between the prices of $0.13 and $0.145. These zones would be crucial to stabilize the price and maybe cause the price to rebound.

These are the zones where there could be some hope of a bounce should the price get any support and buying interest pick up. These zones would be watched by analysts keenly for any reversal of the trend.

With further growth of DEX action, growing institutional interest, and a clear developmental roadmap, the prospects of further network growth for the altcoin are strong. For both price action and market sentiment, the next few weeks are crucial for the asset.

Also Read | Sei (SEI) Price Forecast: Accumulation Zone Signals 20X Upside Potential