SEI Price Struggles Continue Despite New Highs In DEX Volume

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Sei Network [SEI] price saw rejection repeatedly around the $0.20 zone. This resulted in a quick downtrend, and that validated this level as a strong resistance.

SEI stood at $0.1477, below the $0.1578 support level. That indicated the continuation of a potential price decline.

The brief lift to the $0.1683 resistance area did not indicate a change in the downtrend since price failed to stay above this area.

The decline could extend to the $0.1250–$0.1350 area. That is if the bearish market forces keep building up.

SEI price chart | Source: Trading View

The reduced market volume stood out as lower than typical levels signifying faint buying activity.

As SEI dipped to $1471, breaking below $0.1560, it likely that the negative sentiment could strengthen bearish momentum towards the red zone.

However, a comparison of the 3-day charts of SEI to that Solana showed intriguing similarities despite the bearish conditions in the market.

This showed a strong uptrend starting from $0.10 to around $1 then maintained a consolidation pattern at the peak.

During 2021 Solana produced results which mirrored its initial support zone pause before shooting up to around $15.

The analysis implied the crypto could develop similar patterns to SOL if momentum regained strength and the broader market improved.

SEI vs SOL 3-day charts | Source: Trading View

This formation of SEI matched the one of SOL but lacked market momentum and sustained trading volume thus hindering a similar breakout.

This meant that a stagnation together with decline could may emerge instead of pattern replication due to lack of fundamental drivers or renewed investment interest.

SEI’s inability to break above $0.17 could lead it to previous support levels near $0.135.

Looking at the general bearishness prevailing in the market at this point, it is possible that this level becomes the target.

It could emulate the SOL trend but it also faced the risk of stopping or collapsing.

SEI TVL Displays Immense Growth

For March 2025, it marked the first time that DEXs on Sei Network surpassed their historical trading volume threshold of 680,000,000 SEI.

Network adoption rose significantly based on the growth of more than 150% in total value locked (TVL) within the network.

This meant it offered an exceptional platform which integrated key features of other chains to generate the fastest transaction speeds and highest success rates possible.

Following this, the business activity in the market reached more than 600M SEI during March 2025 as a result of significant volume expansion.

SEI TVL | Source: DefiLlama

Despite the growth in TVL, SEI continued to decline given the bearish market conditions and the accompanying negative outlook spreading throughout the entire sector.

Thus, after failing to surpass $0.1683, the market may fall to $0.1200 support or lower.

That said, positive network metrics by themselves may not be sufficient to overcome broad market declines.

That is because such weakness could trigger price corrections during trader attempts at recovering from higher positions.

SEI Crypto Outpaces Other Chains in Low Transaction Fees

The average transaction fees on SEI remained at $0.0004 throughout the year. This proved it to be superior over other chains in term of cost management.

The average transaction fees rates for Ethereum were $5.70, Bitcoin at $5.50, Blast at $0.31 and Tron at $0.24.

For Avalanche, BNB and Starknet, the values were at $0.1670, $0.1350 and $0.1310 respectively.

The transaction fees on Solana reached $0.0410 which was costlier than Polygon’s $0.0110 as well as Aptos and Sui at $0.0040 each.

The virtually cost-free nature of SEI presented the network as a strong contender for potential users, particularly those who execute frequent DEX transactions.

The advantage of zero fees was less evident since the market remained unfavorable and the price kept dropping below $0.1578.

SEI could drop towards $0.1400 if momentum weakened more but stability in sentiment could prevent additional price declines.

Original Article