SEI Price Surges 28% Ending 7-Month Downtrend Amid DeFi Activity Boom

SEI, a prominent cryptocurrency, has recently experienced a significant surge in its price, marking a notable shift in its market trajectory. Over the past seven days, SEI's price has increased by 28%, effectively ending a seven-month downtrend that began in November 2024. This rally has been driven by a surge in network activity, with daily transactions on the SEI network tripling in the second quarter of 2025, reaching a peak of over 1.6 million. This increase in activity has reinforced bullish price momentum and signaled strong DeFi activity and increased user confidence.

The Total Value Locked (TVL) in SEI's DeFi ecosystem has also seen a significant increase, hitting an all-time high of $590 million. This rise in TVL indicates that more users are participating in DeFi activities on the SEI network, further bolstering the bullish sentiment surrounding the cryptocurrency. The Relative Strength Index (RSI) for SEI has also entered a bullish direction, although analysts note that it needs to make a top higher than previously witnessed to validate the ongoing trend.

Technical analysis suggests that SEI's price could continue to rise, with the next resistance level located at the 61.8% Fibonacci retracement level near $0.50. If SEI's price surpasses this mark, the psychological resistance of $1 could come into focus. This level was last reached in March 2024, and a break above it could signal further upside potential for the cryptocurrency. However, the Chaikin Money Flow indicator has yet to rise above zero, indicating that capital inflows have not yet confirmed a full bullish reversal. This suggests that while the current trend is positive, it may still be subject to volatility.

Despite the recent price surge and increased network activity, some analysts remain cautious about SEI's prospects. The upcoming unlock of 44 million SEI tokens, valued at approximately $123 million, could significantly impact the market if the recipients choose to sell their tokens. This unlock is scheduled to occur within the next seven days and could pose a significant risk to SEI's price if the tokens are sold and move to exchanges. Additionally, technical indicators such as the Money Flow Index (MFI) suggest weak buying pressure, despite a generally bullish long-term outlook for the crypto market.

In summary, SEI's price has broken its downtrend and is targeting $1 amid a surge in network transactions and DeFi activity. While the current trend is positive, investors and traders should closely monitor developments such as the upcoming token unlock and technical indicators to gauge the potential for further upside or downside movement. The cryptocurrency market is known for its volatility, and SEI's price could be subject to significant fluctuations in the near future.