14th March 2025 – (New York) Sei, a layer-1 blockchain token, has seen its price plummet by over 70% from its December highs, reaching a low of $0.1722 this week. Despite this sharp decline, both technical and fundamental indicators suggest potential for a rebound.
Notably, Sei’s decentralised finance (DeFi) ecosystem has shown impressive resilience during the broader cryptocurrency market downturn. Data from DeFi Llama reveals that the total value locked (TVL) in Sei’s network has surged to a record $340 million, doubling from its February low of $170 million. This growth contrasts with asset losses experienced by many other layer-1 and layer-2 networks.
The ecosystem’s key players have contributed significantly to this recovery. Yei Finance, a leading lending protocol, has increased its assets by 90% month-over-month to nearly $200 million. Sailor, a decentralised exchange, now holds $53 million in assets, while other platforms such as Stargate, Dragon Swap, and Avalon Labs have also expanded their holdings.
Adding to Sei’s momentum is a notable acquisition of SEI tokens by World Liberty Financial, a firm led by Donald Trump. The purchase, valued at over $100,000, signals confidence in the token’s long-term potential.
From a technical analysis perspective, Sei’s daily chart shows signs of a possible bullish reversal. The token has formed a double-bottom pattern at $0.2038, with a neckline at $0.7343—an established bullish indicator. Additionally, a bullish divergence is evident as the MACD indicator has risen despite falling prices, and the Relative Strength Index (RSI) demonstrates higher highs and higher lows.
If these trends hold, Sei’s price could recover to $0.7343, representing a potential upside of 265% from current levels. However, a decline below the support at $0.180 would negate this bullish outlook, signalling further downside risk.