- SEI targets $0.22–$0.30 as bullish momentum builds above key support
- SEI’s TVL reaches $479.99M, reflecting steady growth and network demand.
- Laser Digital Launches Tokenized LCF Fund on SEI Network, Boosting Utility.
Michaël van de Poppe described SEI as a key accumulation asset after returning to a higher-timeframe support area. He noted that the altcoin cleared liquidity near its resistance level, suggesting a potential for a strong rebound.
His analysis indicated possible gains of 100–200% against Bitcoin, with resistance zones marked near 0.00000227 BTC and 0.00000397 BTC. The price pattern suggests that SEI has confirmed a breakout from a falling wedge formation, marking the end of its extended downward trend.
The coin stabilized near $0.18 before breaking above the descending resistance line, marking a structural shift. Analysts now observe increasing buying pressure as SEI approaches the next resistance region around $0.22.
Technical Indicators Support Recovery Momentum
Ali Charts reported that SEI formed a downward channel with consecutive lower highs and lows before stabilizing near $0.18, which aligns with the 0.618 Fibonacci retracement zone. The market then moved upward, maintaining higher lows and trading between $0.195 and $0.203.
Fibonacci projections indicate short-term resistance between $0.207 and $0.215. Crypto Patel said, “Looking for a move toward $0.30 if this holds. The short-term structure is bullish.”
Volume data confirms active market participation during the breakout, suggesting buyers remain strong above the trendline.
Sei Network’s On-Chain Metrics and Institutional Activity
According to DeFiLlama, Sei Network’s total value locked stands at $479.99 million, up 2.25% daily. Stablecoin capitalization is $184.48 million, while daily decentralized exchange volume is $21.33 million.
Nomura’s Laser Digital has launched its tokenized LCF Fund on the Sei Network through @KAIO_xyz, joining other major financial institutions in their initiatives to tokenize assets.
Analysts note that SEI’s ecosystem expansion and improving fundamentals position it favorably for continued growth above the $0.22 level.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
