Sei Network’s token is quietly coiling at the bottom of its range as on-chain activity and derivatives volume surge — a classic setup for a sharp move once volatility returns. Price action and risk - On the 4‑hour chart SEI remains pinned to the lower portion of its broader trading range, repeatedly capped beneath the EMA ribbon (a cluster of short‑term exponential moving averages). That inability to reclaim short‑term trend control keeps downside risk elevated. If support fails, the next obvious target sits around the weak low near $0.1216. (Source: TradingView) On‑chain and DEX activity tells a different story - Despite muted price movement, user activity is rising fast. DEX volume for SEI topped $400 million in just two weeks, signaling more transactions and participation at these lower prices. (Source: DefiLlama) - This divergence — strong on‑chain engagement while price compresses — often indicates accumulation and positioning ahead of volatility rather than simple distribution. Derivatives traders are loading up - Perpetual futures volume exploded, rising roughly 19,527% over the past 90 days, a dramatic uptick that points to aggressive forward exposure even as spot remains contained under the EMA ribbon. (Source: X) - Historically, such a sharp increase in perp activity during compression phases has tended to precede a directional resolution rather than prolonged sideways drift. What to watch next - Structurally, SEI is coiled between defined risk and mapped upside. A breakdown beneath $0.1216 would expose the weak low and likely invite further selling. Conversely, reclaiming the EMA ribbon would shift momentum in bulls’ favor. - A decisive breakout from the current range would refocus attention on the $0.18–$0.20 supply band. Clearing $0.20 cleanly is the key near‑term hurdle; if momentum follows, some analysts project a substantially larger extension — even as high as the $1.50 area in an extended move — though that would require sustained follow‑through and broader market support. (Source: X; chart comparisons noting a base formation similar to BNB’s pre‑2024 expansion.) Bottom line - SEI’s quiet consolidation is accompanied by loud on‑chain and derivatives signals. Traders should watch price’s relationship to the EMA ribbon and the $0.20 zone for clues about the next directional leg, while keeping the $0.1216 level as the critical downside guard. Disclaimer: This article is informational only and is not investment advice. Cryptocurrency trading carries high risk — always do your own research before making financial decisions. © 2025 AMBCrypto. Read more AI-generated news on: undefined/news

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