Key Insights:
- SEI’s weekly chart forms a falling wedge with a breakout target at $1.14.
- SEI focuses on institutional-grade infrastructure for real blockchain trading, offering speed and liquidity.
- SEI surpasses Sui in active wallets, with 400ms finality and 4-6M daily transactions.
SEI (SEI Network) has formed a classic falling wedge pattern on its weekly chart. This chart formation suggests a potential trend reversal in the mid-term, with an anticipated breakout target at $1.14.
Falling Wedge Formation Indicates Potential Breakout
A falling wedge pattern often suggests a reversal in price direction. In the case of SEI, this pattern is forming on the weekly chart, indicating that the cryptocurrency could be gearing up for an upward movement. Traders are watching this closely, as such patterns typically signal that sellers are losing control.
After several retests, the support zone is holding, which could be a sign of growing buyer interest. As per Bitcoinsensus, the support holding strong after multiple retests is a key sign that the price could move higher.
Falling Wedge Formation | Source: XAs the pattern continues to develop, the breakout could push the price towards the $1.14 zone. As of the time of writing, Sei was trading $0.162123 with a 24-hour trading volume of $98. 692M up 1.42% in the last 24 hours.
Institutional-Grade Infrastructure Behind SEI’s Growth
Meanwhile, SEI is often described as a blockchain project focused on creating Wall Street-grade infrastructure. Unlike other projects that target gaming or social hype, SEI aims to build a robust foundation for real trading on the blockchain. This focus includes ensuring speed, fairness, and deep liquidity.
The project is designed to meet the demands of institutional investors and large-scale trading operations. As explained by Tanaka, “Sei is quietly building the rails institutions actually care about: speed, fairness, and liquidity depth.”
SEI offers unique features like twin-turbo consensus, parallel execution, and a native on-chain order book designed to reduce Miner Extractable Value (MEV). These features make SEI attractive to institutions looking for reliable blockchain infrastructure.
SEI’s Performance Compared to Other Networks
SEI’s performance is often compared to other blockchain projects, including Sui. Both SEI and Sui were launched around the same time and have seen similar performance levels. The two networks have different approaches to scaling and infrastructure.
While Sui has taken a broad approach, SEI has chosen to go deeper with its focus on trading infrastructure. SEI offers impressive metrics, including 400 millisecond finality and transaction fees of less than $0.0001, also handles 4-6 million transactions daily.
After the Giga upgrade, SEI is expected to scale further, reaching over 200,000 transactions per second (TPS). This performance makes SEI a top contender in the blockchain space, with a growing user base and increasing daily active users (DAUs). As of now, SEI is outperforming Sui in terms of active wallets and is the leading EVM chain by users.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/sei-forms-weekly-falling-wedge-pattern/
