SEI Drops 9% Weekly but Analyst Forecasts 1,300% Rally to $4

Sei (SEI) has experienced a 9% decline over the past week, trading near $0.29 after a 3% drop in the last 24 hours. Despite the downward pressure, daily trading volume has remained robust at approximately $209 million, indicating sustained trader activity [1]. The token is currently near key short-term support levels, with market participants closely monitoring for signs of a potential reversal.

Crypto analyst Ali Martinez has drawn a compelling comparison between the current setup of SEI and the pre-rally pattern observed in SUI [1]. According to Martinez, SEI is following a similar price trajectory and could be on the verge of a significant upward move. “This could be the very last dip before a monster bull rally to $4,” he posted on X on August 6, 2025 [1]. The current price of SEI is below the 0.382 Fibonacci level, while SUI previously bounced from the 0.236 level in a similar structure [1]. If SEI continues along this path, it may face key resistance levels at $0.95, $1.38, $2.12, and $3.05 [1].

Meanwhile, the Sei network has shown signs of growing activity. Recent data indicates that SEI has surpassed SUI in daily transactions, pointing to increased user engagement and potential demand for the platform’s features [1]. Additionally, the network’s total value locked (TVL) has climbed to over $604 million, reflecting a 7% increase in the past 24 hours [1]. The integration of native USDC and Circle’s Cross-Chain Transfer Protocol V2 (CCTP) is expected to further enhance liquidity and cross-chain transfer efficiency [1].

Technical indicators present mixed signals. On the 4-hour chart, Bollinger Bands show SEI moving within a narrow range, with the current price near the middle band at $0.29 [1]. The bands are neither expanding nor contracting, suggesting a lack of strong directional momentum. The Relative Strength Index (RSI) currently stands at 46, slightly below the 50 midpoint, indicating weak momentum without entering oversold territory [1].

Futures market activity has also intensified, with CryptoQuant’s bubble map identifying several overheating zones near the $0.30 level [1]. While increased futures volume can drive price rallies, it also carries the risk of short-term corrections, particularly if the volume is fueled by leveraged positions [1].

Sources:

[1] SEI Tanks 9% Weekly, but Analyst Predicts 1,300% Price Surge (https://cryptopotato.com/sei-tanks-9-weekly-but-analyst-predicts-1300-price-surge/)