SEI holds steady at lows while on-chain activity indicates potential upside

SEI’s price remains at lower levels with increased on-chain activity, particularly a rise in decentralized exchange volumes exceeding 400 million USD over two weeks. This indicates heightened user participation despite stagnant price performance.

In the past 90 days, SEI’s perpetual contracts volume has increased by 19,527%, highlighting trader focus on future price movements. A breakout from the current price range could steer SEI towards the $0.18 to $0.20 supply zones.