SEI price is trading near $0.11 after recovering from an intraday dip, with market participants closely watching whether the move continues or reverses. Price action remains compressed, reflecting a balance between short-term traders and improving network signals. Analysts point to clearly defined levels that now frame the next directional move.
Sei Network Activity Expands as Price Remains Range-Bound
Recent network data reveals steady underlying activity on the Sei network, even as price remains range-bound. According to data shared by the team, Sei gaming applications averaged 805,000 daily active addresses in Q3, driving 116 million transactions. Usage spread across multiple titles, including World of Dypians, Sugar Senpai, Hot Spring, and IDLE Glory.
The chart shows sustained growth through mid-2025, indicating expanding on-chain engagement rather than a short-lived spike.
Additional ecosystem developments include SEI going live on OSL, one of Hong Kong’s licensed exchanges, and KuCoin Web3 Wallet adding support for the SEI mainnet.
Messari’s Q3 report also showed daily active addresses nearly doubling year-over-year, and more than 500,000 daily gaming wallets were reported across the network. These updates frame a picture of gradual, structural adoption rather than event-driven speculation, helping explain why the SEI price has remained resilient despite limited upside follow-through.
Analysts Flag Breakout Risks
From a technical perspective, analysts are focused on narrowly defined levels. Lennaert Snyder noted that SEI has respected its trend structure after closing below the $0.1106 support, suggesting weakness remains controlled rather than impulsive.
He outlined two confirmation paths for continuation shorts: a loss of $0.1101, which marks the start of the impulse to the local high, or a sweep of the $0.1121 highs followed by failure. His downside target sits near $0.1079, identified as a prior support box and impulse origin.
At the same time, Snyder emphasized that any broader bullish move would depend on Bitcoin’s direction, adding that a strong reclaim of $0.1124 resistance could shift focus back to the upside, with $0.1155 marked as the next meaningful high.
Michael van de Poppe emphasized the importance of momentum confirmation, noting that SEI must break above the 20-day moving average to unlock strength across altcoins. He described the current zone as a holding area matching post-listing lows, with $0.16 identified as the first upside target only after a confirmed breakout above the 20-day MA.
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