Sei ($SEI), a rapidly growing layer-1 blockchain network, has shown remarkable performance today despite the overall underwhelming conditions in the cryptocurrency market recently.
Currently trading at $0.1880, the token has surged by 12.12% within the last 24 hours, placing it as the 66th most valuable cryptocurrency and pushing its market capitalization past the significant $1 billion mark.
Source: Finance Newso
However, there are concerns among traders and blockchain enthusiasts about the disconnect between SEI’s network expansion and its price behavior.
The SEI Paradox: 3x Bigger Than TON But Trading 7x Cheaper
The Sei ecosystem has surpassed $500 million in total value locked (TVL), which is three times the amount in the TON blockchain. Nevertheless, Sei’s current market valuation stands at $1 billion, whereas Toncoin’s valuation is significantly higher at $7.2 billion.
In terms of stablecoin adoption, Sei features over $215 million in stablecoin issuance, exceeding Cronos by $60 million, even though Cronos trades at a market capitalization double that of Sei’s.
Source: DefilLama
Recently, Sei earned the title of the world’s fastest EVM-compatible blockchain, achieving throughput of 5 gigahertz per second and processing approximately 200,000 transactions per second (TPS). This outstanding performance has drawn many Web2-scale developers to the platform.
The World's Fastest EVM Blockchain
The first multi-proposer EVM L1
5 gigagas per second (~200k TPS)
50x faster than fastest EVM chain (Sei V2)
Sei Giga is the EVM reimagined from the ground up.
Built for a future of endless possibilities.
Explore the new whitepaper… pic.twitter.com/5Lm2VdcSnN
— Sei (@SeiNetwork) May 19, 2025
Data from DappRadar reveals that Sei has eclipsed opBNB to become the leading infrastructure for Web3 gaming, registering 7.38 million unique active wallets (UAW) over the past month, marking a 33.5% increase.
Source: DappRadar
At present, only a few blockchains dominate the Web3 gaming landscape. Notably, Sei’s usage metrics have surpassed those of Web3-native platforms such as Immutable, despite their zkEVM rollup technology.
Still, the $SEI token is trading 83.64% lower than its all-time high (ATH) of $1.14 achieved in March 2024.
SEI’s Falling Wedge Breakout: Is 300% Rally About to Explode?
The current technical setup indicates potential recovery momentum for the Layer-1 token. Recently, SEI completed a falling wedge pattern on the daily chart, suggesting an imminent breakout.
Technical analysts indicate that if SEI maintains support around $0.185, it could aim for initial resistance at $0.251.
#SEI completed the Falling Wedge on daily
Breakout and go
1 TP – 0.2510$
2 TP – 0.2845$$SEI pic.twitter.com/73IxQeCjoA
— Daniel Ramsey (@ramseycrypto) June 19, 2025
A successful breakout above this level may lead to an extended rally toward $0.2845, representing a potential 51% increase from current prices.
Crypto analyst @Four_iv suggests that with the strong momentum building around $SEI, a breakout toward $0.80 is feasible, potentially providing traders with returns exceeding 300% as it approaches 2024 highs.
Can SEI Hit $0.5? Technical Patterns Signal Massive Breakout Ahead
After finding support in the $0.16 range, SEI has made a slight recovery and is currently trading at about $0.1869, positioned just above the 9-day simple moving average (SMA) of $0.1806, indicating a short-term bullish outlook if this level is sustained.
A significant resistance level is identified at $0.26, representing a descending barrier over the last five months. Breaking through this level could pave the way for a bullish rally towards the $0.35 area, historically recognized as an important supply zone.
Source: Shattry on TradingView
If momentum can carry past $0.35, there is a possibility to target a mid-term price of $0.50, which would signify a 160% increase from current levels.
However, the Relative Strength Index (RSI) currently sits at 46.42, placing SEI in neutral territory, although it has bounced back from oversold conditions below 30. This uptick points to renewed buying interest but does not yet confirm a strong upward trend.
SEI must convincingly overcome the $0.26 resistance area to validate a bullish reversal.
A breakout accompanied by rising volume could set new targets at $0.35 and potentially $0.50; however, failure to surpass this resistance may lead to continued consolidation or a possible retest of lower support near $0.16.
The post SEI TVL Closes in on $1 Billion But Price Still Down 83% from 2024 Highs – When Will It Recover? appeared first on Finance Newso.
