SEI has been on a strong uptrend, defying the broader crypto market’s volatility. The token has surged 24% in the past week, outpacing major cryptocurrencies and gaining significant investor attention. With SEI breaking a crucial trendline resistance, bullish momentum is building, hinting at the potential for an extended rally.
At the time of writing, the token is trading at $0.282345, with a 24-hour trading volume of $527.82 million and a market cap of $1.25 billion. This upward move has reinforced SEI’s bullish structure, with the token recording a 1.08% gain in the last 24 hours despite the market downturn.
The recent price surge is a testament to the token’s increasing demand as both retail and institutional investors continue to accumulate. As the token sustains its breakout, traders are closely monitoring whether it can push toward new highs.
SEI breaks resistance
A major catalyst behind its rally is its breakout above key trendline resistance on the daily timeframe. This technical move often signals the start of a strong uptrend. Additionally, trading volume has increased, further validating the breakout’s strength.
If the token maintains its momentum, analysts predict a potential 60-70% rally soon, with the next major resistance levels acting as critical price targets. Should buyers continue to dominate, it could establish a new local high, cementing its place among the market’s top-performing assets.
Can SEI sustain its uptrend?
The coming days will be crucial for SEI’s price trajectory. If the token holds above its breakout zone and maintains strong trading activity, it could continue outperforming the market. Investors are now watching for the next resistance test to determine SEI’s next big move.
With bullish technical indicators and rising investor confidence, SEI remains one of the most promising tokens in the current market cycle. If momentum holds, a substantial rally could be on the horizon, making SEI a key asset.
