How high can Sei (SEI) go?

Sei (SEI), one of the layer-1 blockchains, has the potential to rise with its user growth and active development.

Sui (SUI), which rose after the US elections, ignited the fuse of the layer-1 bull. Many layer-1 projects gained significant investors.

SEI, which is considered one of SUI's biggest rivals, entered an upward cycle by exceeding a potential resistance level of $ 0.50.

Analysis platform #AMBCrypto emphasized that the rapid growth of Sei Network will benefit SEI. The analysis evaluated how high the popular altcoin can go.

Sei (SEI) is growing day by day

Recording a 125 percent increase in the number of daily active addresses, Sei ($SEI ) is experiencing rapid growth. Sui's bull run has shifted to the layer-1 blockchain Sei. The number of active addresses on the Sei blockchain has approached 185 thousand.

Development activity on the Sei blockchain increased from 10.57 to 11.57. The steady growth and activity development on the Layer-1 blockchain strengthens the community's confidence.

High development activity attracts long-term investors. As the development in Sei continues, it can continue to attract new investors.

Technical indicators show that the SEI price has entered an uptrend by breaking through the resistance zone at $ 0.5181. According to the analysis, if this level can be maintained as a support point, the rise may accelerate.

The analysis included the following statements;

“The growth and active development of the Sei blockchain provide a promising basis for the bull run. However, SEI must overcome the resistance levels and continue its development activities to consolidate its place in the competitive crypto market.”

According to CoinGecko data, $SEI has increased by more than 15 percent in the last 24 hours.

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