Regulators Greenlight ETF Filing as Bulls Target $0.70 for SEI

SEI’s price movement has drawn attention from traders and analysts following a recent uptick in activity linked to a proposed exchange-traded fund (ETF). As of the latest data, the token trades at $0.2981, slightly below the $0.30 resistance level, which has historically acted as a key psychological barrier. A breakout above this level could signal the next phase of its upward trajectory.

The U.S. Securities and Exchange Commission (SEC) acknowledged a filing for the Canary Spot Staked SEI ETF on September 8, 2025, opening the door for public comment. This filing has already triggered a 5% price increase in SEI, with trading volume surging to over $41.7 million in a 24-hour period. The filing, submitted by the Cboe BZX Exchange, falls under Rule 14.11(e)(4) and is related to the listing and trading of commodity-based trust shares. Analysts have pointed to this as a catalyst for renewed interest in the asset.

Technical analysis highlights the $0.38 level as a critical resistance point for SEI. If bulls manage to push the price beyond this threshold, the token could target $0.70, according to several market observers. This level is aligned with the 0.5 Fibonacci retracement and also marks the upper boundary of a descending channel, making it a strategically important price point. A confirmed move above $0.38 would potentially open the door to further gains toward $0.49–0.50 and ultimately to $0.70–0.75, according to Fibonacci and trendline projections.

Market momentum indicators suggest that SEI has experienced a surge in bullish activity. The relative strength index (RSI) has moved into overbought territory, indicating a potential for consolidation or a temporary pullback. However, the moving average convergence divergence (MACD) remains in a bullish position, and volume has increased significantly with the recent price rise. These mixed signals suggest that while the immediate trend is positive, traders may anticipate a brief correction before the next upward move.

In the short term, SEI has tested the $0.32–0.33 range following the ETF filing. A continued push is expected to see the token reattempt the $0.38 barrier in the near term. Analysts have noted that if SEI fails to break above this level, the next support areas are located around $0.27–0.26, with deeper levels at $0.21 and $0.13. The broader market outlook remains cautiously optimistic, with the $0.38 level serving as a key indicator for potential price direction. Market participants are closely monitoring whether SEI can maintain control above this critical threshold.