SEI Holds Firm at $0.19 Support as Analysts Watch for a Breakout Toward the $0.24 Target

SEI’s $0.19 support remains the crucial level that could trigger a breakout toward $0.24.

Trading volume and price compression indicate growing pressure for SEI’s next directional move.

Sei Network’s $464M TVL and rising DEX activity show steady growth within its DeFi ecosystem.

SEI trades around $0.196 as traders closely monitor a narrowing range within a descending triangle formation. The $0.19 support level remains the most important price zone for maintaining bullish momentum. Keeping this base intact could lead to a potential breakout, with the next target positioned near $0.24.

Technical Setup and Price Dynamics

The SEI chart shows a descending triangle pattern built on lower highs and a steady horizontal support around $0.19. This structure has continued to tighten, showing reduced volatility as price action approaches the triangle’s apex. The asset previously dropped from above $0.25 but managed to hold near $0.19, where buyers consistently stepped in.

Ali Charts noted, “SEI holding $0.19 is key, keep that level, and a breakout to $0.24 comes into play.” The resistance between $0.20 and $0.21 remains the area traders are watching for a possible breakout confirmation. Sustained buying above this region could allow SEI to test $0.22 before reaching $0.24.

Trading volume has stayed moderate, suggesting market participants are waiting for a clear direction. The ongoing price compression between $0.19 and $0.20 may indicate momentum is building before a stronger move. If the token loses this level, it could test $0.18; however, maintaining $0.19 keeps the bullish setup valid.

Network Metrics and Ecosystem Growth

According to data from DeFiLlama, Sei Network’s total value locked (TVL) stands at $464 million, reflecting a slight daily decline of 1.26%. Stablecoins on the network hold a market capitalization of $185.94 million, maintaining liquidity for decentralized applications. Daily network fees and revenue both remain steady at $318, signaling consistent on-chain activity.

Source: DeFiLlama

Application revenue totaled $27,889 in the last 24 hours, while app fees reached $104,994. Decentralized exchanges handled $35.14 million in volume, with perpetual contracts contributing $18.32 million. Sei’s DEX network surpassed $10 billion in annual trading, showing expanding adoption.

Crypto analyst Crypto Patel observed that SEI has re-entered its accumulation phase after a 140% rally, with accumulation between $0.20 and $0.16. The token’s market capitalization stands at $1.187 billion, with a fully diluted valuation of $1.9 billion. Holding $0.19 remains essential for a continuation toward $0.24.

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