The Sei (SEI) token is currently trading at approximately $0.2865, with analysts pinpointing $0.38 as a critical resistance level. A weekly close above this threshold could trigger a rally towards $1. The token has been navigating a descending channel, recently testing resistance around $0.33. Sei's adoption metrics are robust, boasting 1 million daily active addresses and a leading position in the gaming chain sector. On-chain data from DefiLlama indicates a total value locked (TVL) of $574.6 million, with notable activity in stablecoins and decentralized exchanges. The market capitalization is $1.727 billion, with a fully diluted valuation of $2.874 billion. Traders are watching the weekly chart closely for a potential breakout above $0.38.