SEI rises by 33 % with Defi TVL approaching at all star-news.press/wp

Sei Crypto stood as one of the highest performance encoding today, amid a recovery at the market level, as Defi TVL is close to its highest new levels.

According to Crypto.News data, the distinctive SEI (SEI) rose by 33 % to $ 0.268 on June 24, its highest level since May 12, and now increased more than 90 % of its lowest level in April. Its ceiling on the market reached $ 1.49 billion with daily trading volume of 557 million, which is 175 % higher than the previous day.

SEI prices coincided today with a recovery in the broader market, which witnessed the maximum Crypto Global market by 2.5 % to $ 3.36 trillion. Bitcoin (BTC) regained the level of $ 105,000, while the main altcoins including ETHEREUM (ETH), XRP (XRP), Solana (SOL) and Dogecoin (DOGE) also published noticeable gains.

Positive feelings followed news about the potential ceasefire agreement between Israel and Iran, which was announced by US President Donald Trump, indicating a 12 -day conflict that was weighing on the origins of global risks.

Besides the broader macro wind, the Sei march was supported by strong basics on the chain. according to DevilleThe closed total value on the Sei Blockchain increased to $ 1.13 billion, nearly $ 526 million doubled at the beginning of the year and approached its highest level ever at $ 1.15 billion in May.

This growth was motivated by increasing the adoption of SEI decentralized decentralization applications. YEI Finance, which is the AAVE inspired lending protocol, now carries about $ 820 million of assets. Takara Lind, another DAPP, also attracted $ 80 million in TVL.

Additional data shows the total Stablecoin supplies on SEI that has grown to more than 225 million dollars, up from only $ 1.2 million in March. The USDC is still the dominant stablecoin, which represents 83.3 % of the stablecoin market on the network.

The revenues resulting from the SEI -based DEFI Protocols also witnessed a remarkable improvement. Monthly profits increased from $ 116,000 in March to $ 562,000 in June, indicating a strong rise in transactions and the use of the protocol.

SEI price analysis

From a technical perspective, SEI separated from multiple climbing patterns. He recently wiped the upper resistance of a multi -price channel, indicating the reflection of the direction.

The distinctive symbol has also broken over the symmetrical triangle style that has been formed since February, another upscale signal.

SEI is now trading over each of its moving averages for 50 days and 200 days, confirming the favorable direction structure. In addition, the SuperTrend index flashing a green signal, and the Macd recorded a bullish cross, both of which indicate that the positive momentum is likely to continue.

Consequently, the following potential upward goal is $ 0.36, which coincides with the level of Fibonacci alternative by 38.2 % over the top of the year to date.

If the macroeconomic feelings continue to improve and keep the chain, SEI can try to move towards the 0.50 -dollar psychological resistance area, which is in line with the 61.8 % Fibonacci level.