The SEI network is becoming a market focus due to its continued major renewal and appeal of institutional capital.
With bullish market structure, unresolved on-chain data and major advances in institutional infrastructure, SEI shows strong future potential.
Investors are hoping for a strong breakout
The SEI Network (SEI) is attracting investors’ attention in the current modest market.
The SEI Project has now announced Monaco, a Wall Street grade trading tier designed to meet the needs of institutional infrastructure. With Monaco, SEI aims to establish itself as the best blockchain for large-scale trading activities, focusing on smaller Defi operations, distinguishing it from its competitors.
“Monaco will soon come with SEI… trillions of traditional assets are moving to tokenized markets, and traders need real infrastructure. Fast, open and no limits of legacy finance.”
At the same time, Cboe filed a Canary Steer-dyed SEI ETF 19B-4 with the Securities and Exchange Commission (SEC). This is an important step to justify investment products related to SEI in traditional markets.
SEI has experienced impressive growth in on-chain data, with active addresses increasing by 7,952% since launch. At the beginning of July, the network’s total value locked (TVL) reached a record high of over $626 million. This indicates a stronger capital inflow into the ecosystem, reflecting that it reflects the increasing appeal of the SEI network to private and institutional investors.
In terms of technical analysis, SEI maintains a positive market structure. The price is currently trading at $0.3158. Although it has dropped by nearly 5% in the last 24 hours, this level remains close to local highs, and many experts believe the upward trend is still unharmed.
Crypto analyst Ali sees the $0.31 range as an opportunity for “DIP” before making a potential breakout of a strong breakout to a target of $0.42.
Other analysts, such as Byzantine Generals, highlighted that SEI retained its power during broader market revisions, further increasing investor confidence. However, analyst Daan Crypto notes that SEI will need to break through the $0.39 level to continue the upward trend. This level has coincided with local highs since mid-July.
Beyond short-term goals, the long-term outlook for SEI also generates lively debate. Bitcoinsensus suggests that current price compression within the wedge pattern could put pressure on large breakouts, suggesting that SEI could price a target of $2-3 in the next cycle.
This shows that the market holds high expectations for the SEI network to emerge as one of the new generation of blockchain “unicorns.”
Takeoff Post SEI Position: Monaco launch and ETF filing fuel investors optimism first appeared in Beincrypto.
