Price SEI crashed as the growth of feelings and ecosystems

SEI Token continued its trend down and approaching its all weather low even as its ecosystem growth.

SEI (Sei), Fast growing color-1 network, expanded its trend of falls, approaching its free time even as an ecosystem activity accelerates. SEI refused in each of the last four consecutive weeks and now traded at the lowest level from November 2023. years, up to 78% from its cycle.

The current decline in price SEI comes despite the growth of the positive ecosystem. According to the deficiency, the total value locked in the SEI network increased by 70% in the last 30 days to 406 million dollars, which made 17. The largest chain in the crypto industry TVL.

Most Dapps in SEI ecosystem gained property in the last few weeks. IEI Finance, Aave (Take) Rival has been in the last 30 days in the last 30 days in the last 30 days. The sailor, DEX network, has 60.65 million dollars of property, while the Avalon laboratories jumped by 50%.

More data Displays SEI applications see more customer growth even while CRIPTO CARNA fell. Decentralized online exchange processes volume worth $ 110 million In the last seven days, for 62% of the previous week. The upper child networks in the network are sailor, Dragon Dragon and Unisvap.

These metrics are likely to explain why SEI has the most hesitation in Kovanica. The feeling is standing at 88.5%, where it was in the last few days. Other tokens with a bikal feeling are Sonic, Polkadot, Bittor and Bonk.

Technical analysis of the price of SEI

On the 8-hour chart, SEI remains in a steep trend, trading below its average average of 50 periods, confirming bear momentum.

However, SEI has now formed a drop by a pattern clinis, the structure of the overcraft reversion characterized by two descending and converging trendline. It seems to also form a reverse sample of heads and shoulder, another setting usually followed breaking upside down.

With this combination of technical support and strong basis, SEI could be ready for a jump. If an interruption appears, the initial goal will be 0.2920 dollars, high than 24. February. The fall below the indicated year would not undo this Bullish look.