Sei dips 5% but DeFi growth soars: Is this layer-1 gem being overlooked?

Recently, Sei ($SEI) experienced a 5% decline in value, yet it has maintained strong growth with a 30% increase over the past week.

The total value locked (TVL) in Sei has surpassed $500 million, attracting institutional investments and suggesting the potential for significant price appreciation.

Sei is facing key resistance at $0.30. Breaking this level could lead to a price rally towards $0.3367, indicating strong bullish sentiment.