SEI is experiencing a surge in price after months of decline. The upward trend is fueled by increased user activity, growing social awareness, and favorable technical indicators. 📈 📊 📣 SEI Network activity has soared, with daily active addresses exceeding one million – signifying robust engagement and growth. 📍 This has resulted in significant jumps in transactions and users, a sign of the project’s increasing popularity. ⬆️🚀 As evidenced by these metrics:
– Daily Transactions have increased from 4.5 million to 6 million over the past 90 days.
– Transacting Users have nearly doubled, climbing from 476,000 to 1 million.
Furthermore, the official SEI X account has gained 20,000 followers in just 90 days, further strengthening its social presence. 🚀
SEI price chart reveals a descending triangle pattern that suggests a potential breakout. If this trend continues, it could lead to price targets of $1-$2 if the broader altcoin season takes hold. 🎯.
The Altcoin Season Index is also pointing towards an upturn in the overall altcoin market with readings currently near 51. 💪 This increase in the index further supports SEI’s bullish outlook and positions it to capitalize on the growing altcoin rally.
Stay tuned as we watch for a potential breakout.