SEI is back in the spotlight again and is experiencing a surge in its price, in line with the entire crypto market. Investors are closely watching the ENA to recover the losses from the recent prolonged volatility. If a successful breakout occurs it will lead to a maximum target around $0.37 area
At the time of writing, SEI is trading at $0.2966 with a 24-hour trading volume of $116.74 million and a market capitalization of $1.78 billion. The SEI price over the last 24 hours is up 2.96%, and over the last week, it is also up by 1.53% and showing high potential for the next major rally.
SEI price rally gains momentum toward $0.37
Moreover, the crypto analyst, Ali, highlighted that the price of SEI kicked the week off strongly, breaking the recent pattern of consolidation and bringing optimism among traders. After a couple of sessions of calmness, the price advanced further and recorded the beginning of a new uptrend that traders had anticipated for long.
Moreover, technicians highlight that a clean break through key resistance levels serves as the catalyst for such momentum. Such breaks are usually interpreted to mean that new buying pressure is just days or weeks away and traders are aligning for the next giant leap higher. In SEI’s case, the break has positioned the token on a trajectory to its first price target at $0.37, and this level can be both a temporary magnet for short-term profits and a key test of strength.
Market sentiment has flipped bullish, and volumes are reflective of increasing participation. The majority view the rally as a continuation of the broader altcoin trend, with scalable blockchains drawing fresh liquidity.
Should the SEI keep moving upwards and confirm support beyond the breakout area, the analysts think the price level of $0.37 could be only a temporary marker. The rally may continue and push toward higher price targets in the coming weeks.
