SEI Network Hits 1.5M Milestone – Where’s the Altcoin Headed Next?

SEI Network just blasted past 1.5 million transactions—or users, or whatever metric they’re using to distract you from the price chart. Let’s cut through the hype.

Short-term targets? Sure, we’ll play. The crypto crowd’s already placing bets, but remember: in altcoin land, ‘milestones’ often mean ‘exit liquidity.’

Technical indicators suggest a squeeze, but let’s be real—when has TA ever stopped a determined whale from dumping? Watch the order books, not the press releases.

One cynical finance jab? Another day, another ‘network milestone’ that somehow never translates to actual utility. But hey, maybe this time’s different—your bags, your hope.

Real adoption or excessive hype?

SEI’s Social Dominance hit 0.26% on 20 June, marking its highest reading in over two months.

Source: Santiment

That’s not all though, as weighted Sentiment also ROSE to 3.66 – Reflecting elevated community enthusiasm.

Interestingly, sentiment followed—not led—the uptick in on-chain data. Such a sequence often supports a more organic bullish setup. It lends weight to the argument that excitement is rooted in usage, not mere hype. 

However, if sentiment continues to climb without sustained adoption, it could risk signaling a short-term peak. Therefore, sentiment must remain balanced to support further upside.

Source: Santiment

Leverage is building, but is it conviction or danger?

SEI’s Futures market lit up as the Open Interest surged by 42.73% and trading volume jumped by 176.80%, hitting $502 million. These metrics suggested that traders may be building Leveraged positions, anticipating sustained bullish momentum. 

However, leverage cuts both ways. If the price stalls and Open Interest remains high, liquidation risks could rise sharply.

For now, the derivatives market is pointing to conviction. However, with a cautionary undertone tied to leverage buildup.

Biggest spot inflow in weeks!

SEI recorded $2.19 million in Net Spot Inflows at press time, marking the strongest daily spike in weeks. This came after a stretch of mixed flows, possibly signaling sidelined capital returning.

Also, when combined with the hike in trading activity and social engagement, these inflows could strengthen the case for sustainable upside. 

However, inflows must persist over time to confirm lasting conviction. Therefore, traders should watch for continued positive FLOW trends to validate the breakout attempt.

Source: CoinGlass

Will SEI overcome THIS key resistance?

After bouncing from the $0.1659 support zone, SEI was testing the resistance near $0.2135 at press time. A breakout above $0.2766 WOULD invalidate the broader downtrend and could make room for a move towards $0.35. 

However, this resistance has proven difficult to breach in previous attempts. Unless accompanied by rising volume and sustained inflows, the price could struggle to maintain momentum. 

Source: TradingView

Bullish structure holds, for now!

Ultimately, SEI’s recent performances have highlighted strong alignment between user activity, sentiment, inflows, and leveraged positioning. 

If the price manages to break above resistance with volume and capital inflows, Sei could extend its rally in the short term. However, failure to overcome $0.2766 could return it to consolidation.