Sei Network Sees Surge in Transactions and TVL
Sei Network Growth: Sei Network has experienced a significant surge in daily transactions, increasing by 300% to over 1.6 million, alongside a Total Value Locked (TVL) reaching an all-time high of $590 million, indicating strong market interest and investor sentiment.
Economic Impact and Future Prospects: The rise in transaction volume and fees, now at $19,060, enhances Sei's visibility in the cryptocurrency market, while its growth parallels other successful Layer 1 networks, suggesting potential for sustained momentum and future advancements.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.00025 | 0.000293 | 0.000339 | 0.000382 | 0.000428 | 0.000471 |
| Fibonacci | 0.00025 | 0.000284 | 0.000305 | 0.000339 | 0.000373 | 0.000394 | 0.000428 |
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