Sei Network has processed more than 10,000 transactions per day for 74 consecutive days, according to blockchain analytics platform Chainspect. The consistent output underscores sustained network usage despite challenging market conditions.

At the same time, the SEI price is drawing technical attention as buyers attempt to defend support near $0.043. Crypto analyst Crypto With Gopal has identified a potential double-bottom formation on the chart, suggesting a possible trend reversal if the token breaks above the $0.09 neckline.

Sei Network Sustains 10,000+ Daily Transactions

Per Chainspect, Sei Network has cleared the 10,000 daily transaction mark every day for 74 straight days, a stretch equal to at least 740,000 transactions over the reported period (Source: Chainspect's X post). The figures indicate throughput that has held steady week after week rather than moving with one-off spikes.

The consistent pace highlights the network's ability to maintain transaction throughput over an extended period. The development also supports Sei's position in the Layer 1 blockchain sector, where network performance and application activity remain important indicators of ecosystem growth. In a Layer 1 field crowded with competing networks, multi-month consistency in transaction counts is generally read as a baseline signal of ongoing usage rather than the effect of a short-lived spike.

Still, transaction counts alone do not establish broader adoption. Active addresses, transaction fees, and decentralized application activity provide additional context when evaluating network development.

On-Chain Activity Shows Continued Growth

Additional ecosystem metrics point to ongoing decentralized finance participation. According to DefiLlama, the network recorded approximately $20.08 million in total value locked (TVL) on November 13, 2026. Its stablecoin market capitalization stood near $36.3 million, while decentralized exchange (DEX) trading volume reached approximately $6.64 million over 24 hours. These figures highlight continued participation across Sei's ecosystem. TVL, stablecoin supply, and DEX volume are among the standard indicators used to gauge activity within a DeFi ecosystem, since they track capital committed to protocols and the trading flow moving through them.

Market data from CoinMarketCap showed SEI trading around $0.0428, with a market capitalization of approximately $330 million and 24-hour trading volume of $18.95 million.

The contrast between sustained network activity and relatively weak token performance suggests that blockchain usage has not yet translated into a confirmed market recovery. Divergences of this kind, where network usage holds up while token valuation lags, are a recurring subject of analysis in crypto markets, as on-chain demand and market sentiment do not always move in lockstep.

SEI Price Holds $0.043 as Double Bottom Develops

Crypto With Gopal has identified a potential double-bottom formation on SEI's price chart (Source: Crypto With Gopal's X post). This technical pattern typically develops when an asset tests a similar support region twice, with buyers attempting to prevent another decline.

SEI is holding near $0.043, where buyers are defending the previous support area. The developing second bottom suggests that selling pressure could be weakening after an extended downtrend.

The formation remains incomplete, however. The neckline near $0.09 represents the key resistance that SEI must overcome to confirm a potential bullish reversal. A sustained breakout above this level could strengthen the recovery structure. Conversely, losing the current support region could weaken the pattern and expose the token to further downside pressure.

Analyst Points to $0.09 Breakout as Confirmation Level

Crypto With Gopal views the developing double bottom as a possible indication of improving buyer strength. The analyst suggests that a successful breakout above the $0.09 neckline could open the way toward $0.15.

That target remains conditional rather than a confirmed price expectation. SEI would need sufficient buying pressure and trading volume to overcome resistance. A double-bottom pattern generally becomes more reliable after a neckline breakout, and until that happens, the bullish outlook remains subject to market conditions and support stability.

What Comes Next for SEI?

SEI's next move will depend on continued ecosystem activity and its ability to establish a stronger price structure. Traders will monitor transaction activity, TVL, stablecoin supply, and DEX volume to determine whether network participation continues. Changes in these metrics could provide further insight into ecosystem demand.

On the technical side, maintaining support near $0.043 and moving toward the $0.09 neckline will remain important. A confirmed breakout could strengthen the recovery scenario, while a breakdown below support would weaken the bullish outlook.

Sei's sustained transaction activity highlights continued network usage, but its token has yet to confirm a reversal. The analyst's $0.15 target depends on a successful move above $0.09. Until then, network growth, market demand, and key technical levels will shape SEI's trajectory.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Based on reporting originally published by Tron Weekly.