SEI Breaks Above 21-Day MA and Targets $0.24–$0.26 Uptrend Zone

SEI has recently moved above its 21-day moving average, marking a key technical shift. This level had previously acted as a resistance. Traders are now watching to see if the price can maintain this new trend according to market analysis.

Network activity has also increased, with over one million active accounts on the EVM-compatible chain in December. This growth has been steady and consistent, rather than abrupt according to recent data.

Analysts are noting the correlation between rising user activity and price movement. A stronger user base typically supports increased transaction demand and liquidity according to industry reports.

Why Did This Happen?

The price movement was supported by sustained volume and increased user participation. SEI's network throughput and low-latency design have also contributed to its appeal among developers and traders according to technical analysis.

Fee adjustments have improved cost efficiency for users, encouraging higher-frequency interactions. This has led to elevated daily activity across applications on the SEI chain according to recent updates.

Ecosystem growth has been central to the technical narrative. As on-chain usage rises, more market participants are monitoring these metrics for trend confirmation according to market research.

How Markets Responded

SEI's price movement above the 21-day moving average has drawn attention from traders and analysts. Short-term momentum indicators have turned positive, suggesting a shift in market sentiment according to technical indicators.

The move has also aligned with broader market rotations into active networks. Many traders use moving averages to validate trends, making this level a focal point according to market analysis.

If the price holds above this key level, it could reinforce the new trend. A failure to hold could see the price return to previous ranges according to technical analysis.

What Analysts Are Watching Next

Traders are closely monitoring volume and support reactions. These factors will guide short-term positioning and trend confirmation according to market analysis.

Analysts have highlighted the $0.24–$0.26 range as a potential target zone. This area aligns with prior consolidation levels and could see increased interest if the trend continues according to technical forecasts.

The broader market environment also plays a role. Stability in Bitcoin and improved risk appetite can support altcoin rotations. SEI benefits from its active user base and growing network usage according to market reports.

Short exposure remains in the market. As price rises, these positions could face pressure, potentially adding upward momentum during breakouts according to market analysis.

SEI is still below longer-term moving averages. Sustained strength above the 21-day level remains critical to validating the new trend according to technical analysis.