Sei launches zero-fee swaps boosting trading volume 258%, but price rally faces liquidity concerns.

Sei integrated zero-fee swaps across MetaMask, Backpack, and YeiFinance, eliminating gas fees and increasing user accessibility. This led to a 10% price gain and a 258% surge in trading volume, indicating strong participation rather than speculative spikes. However, despite the price rise, Sei's Total Value Locked (TVL) dropped by 7.32%, raising concerns about the rally's sustainability as capital inflows lag behind trading activity. The token remains in a descending channel with resistance levels limiting upside, and technical indicators suggest a fragile recovery that could see a pullback before any stable upward movement.