Can SEI Price Hit $1? 7-Month Downtrend Breaks as Transactions Triple

SEI price has been on a notable uptrend in the last seven days, outperforming most coins with a 28% rally that broke it out of a seven-month downtrend. However, today, June 28, the SEI rally is showing weakness as the price trades at $0.286 with a slight 2.95% decline in 24 hours. Despite the dip, on-chain data remains strong, with daily transactions surging three times this quarter, causing speculation about whether the price could reach $1.