SEI jumps 10% after zero-fee rollout: But this rise may not last
Sei's price surged over 10% in 24 hours following the integration of zero-fee swaps on platforms like MetaMask, Backpack, and YeiFinance, which removed gas costs and improved accessibility. Trading volume increased by 258%, indicating strong organic participation. However, SEI remains within a descending channel, facing resistance near $0.062 and $0.070. While RSI rebounded from oversold conditions, it stayed below the midline, showing limited bullish strength. Additionally, Total Value Locked (TVL) dropped 7.32% to $43.2 million, contrasting with the price increase and raising concerns about the rally's sustainability. The current structure suggests potential downside movement toward $0.048 before any stable upward continuation.
ambcrypto04/02 00:02
