Sei Network tops Layer-1 usage, and it is driven by the increased institutional adoption. Signals suggest that the token's price could hit $0.20.Sei Network tops Layer-1 usage, and it is driven by the increased institutional adoption. Signals suggest that the token's price could hit $0.20.

Sei Leads Layer-1 Usage, Price Eyes $0.20

2025/10/23 22:00
sei
  • Sei has surpassed key competitors in the Layer-1 category through increased tokenized activities on it by institutions.  
  • The technical indicators, including the RSI and MACD, reveal that Sei is facing a bottom and can possibly bounce back up.  
  • Traders are positioning themselves at the present price level of the token, this is an indication that they expect a rebound.

Sei Network is the primary Layer-1 network compared to Sui, Polygon, and Aptos as stated by a recent a16z report. The report also recorded that Sei has the most active addresses in the last month, but the token price is still under $0.18.  

Sei Expansion is through Institutional Adoption

During the third quarter alone, its volume of DEX surged past $10 billion, with the activity of tokenized assets exploding. The Sei Network team pointed out the achievement on X, adding that institutional products are already transitioning to its chain.

The team also stated that BlackRock, Apollo, and a number of asset managers have initiated exchange-traded strategies on Sei too.  Also, the three ETF filings this quarter further indicated support for the infrastructure of leading financial products on the network. With the architecture of Sei optimized for speed and efficiency, developers are flocking to the network.

Technicals Display Important Support Area

Sei is trading close to $0.180 on the 4-hour chart and is around its 1.618 Fibonacci retracement point of $0.172. The retracement pattern indicates that there may be a local bottom here in case the volume is high and the selling pressure is low.

The next resistance level from the VWAP indicator is close to $0.186. Breaking over this zone would indicate a possibility of the bearish trend being reversed, and short-term accumulation will be encouraged. Therefore, the price could retest the $0.19 to $0.20 level. A valid close at this level will put the market back in favor of buyers.

SEI

Fib. and VAWP. Source: TradingView

Also Read | Sei (SEI) Price Forecast: Accumulation Zone Signals 20X Upside Potential

Momentum Indicators Signify Drop in Bearishness

The token is almost in the oversold region with the Relative Strength Index (RSI) standing under 30.5. Such levels tend to lead to a bounce in the past, especially when there is increased trading volume. The flat trend of the RSI suggests that the downward movement could be forming a slowdown with sellers becoming fatigued.  

The MACD (Moving Average Convergence Divergence) is showing an indication of weakening bearish momentum. This is because the difference between the MACD line and its signal line is becoming narrow, as depicted in the histogram.

SEI

MACD and RSI. Source: TradingView

Derivatives Data Indicates More Purchases Around $0.17

According to CoinGlass, the volume of derivatives increased by 28.4% in the last day. But the open interest decreased by 6.3% to 97.09 million dollars within the same period.

This indicates that short-term traders are exiting their positions as new traders acquire more tokens at lower prices. Growing interest, indicated by the increase in trading volume, is also an indicator of interest by futures traders despite the consolidation.

SEI

Source: CoinGlass

Also Read | SEI Nears Key Support as Network Hits $10 Billion DEX Trading Milestone

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