SEI Surges 50% in Week, Eyes 45% Gain to $0.34

Sei (SEI) has recently garnered significant attention in the cryptocurrency market due to its notable price movements and increasing on-chain activity. The coin has experienced a substantial surge, with a nearly fifty percent rise in the past week and over twenty-seven percent in the last month. This upward momentum has positioned SEI to test its next resistance level at around twenty-seven cents, which is about fourteen percent higher than its current range. The next significant target is thirty-four cents, representing a potential rise of over forty-five percent. The relative strength index indicates a healthy interest in the coin, suggesting further growth potential.

The recent rally in SEI's price has sparked speculation that it could soon reach the $1 mark. This optimism is fueled by a significant increase in network activity and a breakout from a falling channel pattern, a classic bullish move. The 50 Simple Moving Average (SMA) is at $0.2043, while the 200 SMA is at $0.2013, with a “Golden Cross” appearing on the chart. Both moving averages are trending upward, supporting the price as it pushes against key resistance levels. The Relative Strength Index (RSI) at 65.85 is nearing overbought territory, indicating increasing buying pressure. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, suggesting that buying momentum remains strong.

The recent price spike in SEI appears to be driven by excitement over the trade truce news. The price reached a high of $0.3359 but subsequently pulled back to $0.2489. Currently, SEI is testing the 38.2% Fibonacci level. If it breaks above this, the price could climb to $0.42 or even higher if buyers maintain control. However, if SEI falls below the $0.2489 support, the price might drop to $0.1949. In the short term, traders can expect some volatility. The RSI and MACD suggest a pullback could happen soon, possibly retesting the $0.2489 support. However, if SEI stays above the 50 moving average, it could hit $0.50 by the end of Q3.

SEI’s recent rally positions it as one of the more dynamic low-cap performers in today’s DeFi-driven market. With multiple resistance levels approaching, a sustained push from current prices could unlock further upside and shift sentiment decisively bullish. For traders seeking early momentum plays, Sei remains a coin to watch closely as it eyes the psychological $1 milestone.