The high-performance Layer-1 blockchain Sei Network has maintained a steady upward trajectory following its annual low of $0.1303 $SEI price recorded on April 7.
Currently trading at $0.2301 with a daily increase of 3.19%, SEI has demonstrated impressive resilience by climbing over 55% from its April bottom.
Sei up 3% on the day/ Source: Cryptonews
While the recovery is notable, the token’s performance remains relatively flat year-to-date, trading 57% below its earlier highs despite recent gains.
Nevertheless, underlying network fundamentals reveal a different story, with $SEI experiencing substantial growth in user adoption despite lackluster price performance.
28 Million Addresses Can’t Be Wrong: Is SEI Price Next?
According to Flipside data shared by Hess, the Sei Network has achieved a milestone of 28 million active addresses following 380 days of continuous development.
The platform has welcomed over 1.9 million new addresses within the past week alone.
Additionally, on June 7, the Sei network processed more than 1.3 million daily transactions for the first time in its history.
Source: Flipside
Most of these achievements have been concentrated in the second quarter of 2025.
Remarkably, despite the substantial transaction volume, Sei maintains average transaction fees below $0.001, significantly lower than Ethereum, BSC, and even Layer-2 solutions, including Polygon, Base, and Arbitrum.
Sei transaction fees are lower than rival blockchain networks
The network’s total value locked (TVL) continues its upward momentum, recently surpassing the $500 million milestone and positioning Sei above competing blockchains such as Cronos, Cardano, Near Protocol, and TON.
Notably, gaming applications dominate Sei’s ecosystem activity, defying the broader skepticism surrounding Web3 gaming projects.
Sei leads web3 gaming charge/ source: Flipside
Over the past seven days, DragonLand, a prominent Web3 game on Sei, generated over 1.36 million transactions, while other popular titles, including Hot Spring, World of Dypians, and Europe Fantasy League, averaged approximately 500,000 weekly transactions each.
Developer: SEI to $1 Isn’t Moonshot, It’s Baseline Target
This expanding network utility has led many market observers to believe that $SEI remains significantly undervalued, with a potential price correction on the horizon.
A mobile Web3 game developer recently commented on X that $SEI at $0.20 appears “criminally undervalued.”
The developer recently emphasized that Sei represents more than just another Layer-1 blockchain; it’s specifically engineered for trading applications and represents an ideal environment for high-frequency DeFi operations.
He noted that “with increasing TVL, AI integrations, and superior performance metrics,” reaching $1 for SEI shouldn’t be considered speculative but rather a conservative baseline target for the coming months.
Another trader, known for focusing on Solana and Ethereum, suggested that now that $SEI has reclaimed the $0.20 level, breaking through $0.26 (just 25% above current prices) could trigger significant momentum.
He projected that SEI could potentially reach $2, which would establish a $10 billion market capitalization, placing it in direct competition with projects like Sui and Hyperliquid.
SEI’s $0.26 Breakout Could Trigger 147% Rally to $0.50
The SEI/USDT daily chart reveals a textbook inverse head and shoulders formation, a well-known reversal pattern that frequently indicates upward price momentum.
This configuration features three low points, with the middle trough (the “head”) representing the deepest level, while the outer two (the “shoulders”) sit at higher levels, indicating diminishing selling pressure and potential momentum reversal.
Source: TradingView
Should this pattern execute successfully, the formation’s neckline, which corresponds closely with the $0.26 resistance zone, becomes pivotal.
A break above this resistance level could unlock the next significant target near $0.35.
Technical analysis suggests that if the $0.35 threshold is definitively surpassed, the price could surge toward $0.50.
Such a move would constitute a 147.47% gain from present levels, which will be a substantial medium-term bullish prospect if key resistance barriers are overcome.
The Relative Strength Index (RSI) currently sits at 47.77, just below the neutral 50 threshold but showing upward momentum, suggesting improving market sentiment.
Historical RSI Divergence Indicator signals have previously identified successful bullish divergences, lending credibility to the current pattern formation.
However, the price continues to trade beneath the major descending trendline established in late 2024, warranting continued caution.
Should the bullish scenario fail to materialize, $SEI might retest recent support levels around $0.15, though current chart patterns suggest a moderately optimistic outlook.
The post Sei Network Crushes 28M Active Wallet Record – Is SEI Due for a Price Recovery? appeared first on Cryptonews.
