SEI Token Soars as DeFi and Upgrades Fuel Rally – What’s Ahead?
The crypto market is buzzing as Sei (SEI) surges, gaining nearly 37% in just 24 hours. This Layer-1 token is now a top performer, thanks to bullish technicals, growing DeFi adoption, and major network upgrades.
Key Drivers Behind SEI’s Rally
1- Technical Breakout: SEI surpassed its 200-day EMA with a bullish MACD crossover, signaling strong momentum. Analysts like Michael van de Poppe suggest a breakout toward $0.30+ if support holds.
2- DeFi Growth: Weekly DEX volume hit $236M, while TVL nears $1.3B. Stablecoin adoption is exploding—USDC supply jumped from $1.2M to $225M in three months.
3- Institutional Interest: Sei was shortlisted by Wyoming’s Stable Token Commission for its WYST stablecoin project, boosting credibility.
4- Giga Upgrade: Expected to deliver 5+ gigas/sec throughput and sub-400ms finality, positioning SEI as a high-speed blockchain for DeFi and AI apps.
What’s Next for SEI Price?
With resistance at $0.30-$0.36, a sustained rally could push SEI toward $0.50 if adoption and upgrades continue. The mix of strong fundamentals and technical strength makes SEI one to watch.
Source: coinpedia