Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
SEI Records $65B DEX Volume: Can It Ignite 3x Rally to $0.60?

SEI Records $65B DEX Volume: Can It Ignite 3x Rally to $0.60?

CoinspeakerCoinspeaker2025/03/03 16:00
By:By Vishal Dixit Edited by Julia Sakovich

The SEI network marks a significant rise in DEX volume to hit a record volume of $65 billion. However, it fails to reflect demand to drive the SEI market price higher. Will the altcoin manage a breakout rally amid rising DEX volumes?

Key Notes

  • SEI network's DEX volume has reached $65 billion, marking an 11.25% increase in 30 days.
  • CETUS leads SEI’s DEX activity, contributing nearly $40 billion in trading volume.
  • Analysts suggest a potential 3x rally to $0.60 if SEI breaks key resistance.
  • SEI price shows a bullish divergence on the daily RSI, increasing breakout potential.

The SEI network has witnessed a massive pullback of 12% over the past 24 hours. Currently, the downfall is nearing the $0.20 psychological mark as the current market price remains at $0.2180.

With a billion-dollar market cap, SEI SEI $0.23 24h volatility: 1.8% Market cap: $1.09 B Vol. 24h: $94.95 M is the 69th biggest cryptocurrency in the market. While the SEI token price performance remains questionable, the growing SEI network hints at a possible bullish comeback. Will this potential recovery drive SEI price to $0.50?

SEI DEX Volume Hits $65 Billion Milestone

As the crypto market remains highly volatile due to the announcement of the US crypto reserve and the global tariff wars , the SEI network is taking gradual steps to recovery. The network has registered a DEX volume of $65 billion, which marks an increment of 11.25% in the past 30 days.

$SUI reaches $65 billion total DEX volume, up 11.25% in the past 30 days. pic.twitter.com/rpejCdrk0L

— ToreroRomero (@Torero_Romero) March 4, 2025

Majority of the DEX volume in the SEI network comes from CETUS, accounting for nearly $40 billion. Over the past 12 months, the DEX volume in SEI has seen a parabolic rise and a consistent growing trend, increasing the chances of reaching a record volume of $100 billion.

Analyst Points Out 3x Rally Chances

Along with the rising DEX volume, Mati, a crypto analyst, highlights the possibility of a bullish reversal in SEI. Based on his recent tweet , the recovery run in SEI is challenging a crucial resistance after bouncing off from a local support trendline.

SEI Records $65B DEX Volume: Can It Ignite 3x Rally to $0.60? image 0

Furthermore, the SEI price turnaround comes from a massive demand gap seen between $0.15 and $0.20. As per his two-day price chart analysis, the bullish turnaround is likely to challenge the overhead resistance trendline of the previous swing highs.

Hence, if the market stabilizes after the recent surge in volatility due to the tariff wars and uptrend issues, the analyst anticipates a retest rebound to $0.60 for a near 3x price rally.

SEI Price Analysis and Key Target Levels

In the daily price chart ground, SEI price trend is down by 5.04% today, following the 15.52% pullback yesterday. The bearish turnaround from the local resistance trend line has undermined the weekend recovery and is back to retest the demand zone near $0.2185.

SEI Records $65B DEX Volume: Can It Ignite 3x Rally to $0.60? image 1

Supporting the chances of a bullish reversal within a descending triangle pattern, the daily RSI line reveals a bullish divergence. This increases the possibility of a triangle breakout rally to reach the 200-day EMA line near $0.40.

Furthermore, the $0.40 psychological mark is coinciding with the 38.20% Fibonacci level. However, a slipdown will likely breach the $0.20 psychological support and test the $0.15 mark.

next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40