The popular altcoin SEI price is moving with the bulls today, gaining a 40% surge in the last 24 hours.
Interestingly, this surge is unexpected as the broader crypto market is struggling amid the Middle East geopolitical tension.
The investors’ sentiments were affected, and their focus moved towards traditional assets rather than digital assets. However, that changes today, especially for Sei. Let’s discuss.
SEI Price Skyrockets While the Rest of Crypto Market Struggles
Notably, the SEI price rally is not limited to today, as the token has been following a bullish trajectory for days. It is up 40% in the last 24 hours and 66% in the last 7 days, outperforming Bitcoin, Ethereum, and others.
With a bullish trajectory, it is currently trading at $0.279 with a market capitalization of $1.55B. Its trading volume is up 257% to $787.3, showcasing high investor activity.
Although there’s significant improvement in the crypto market today, SEI is the biggest gainer amid technical and geopolitical factors.
Why Is SEI Price Up Today?
The SEI price chart shows a bullish breakout on the daily and weekly charts. Experts believe the same is pushing it towards the potential mark of $1. Notably, this happened as the momentary ceasefire between Israel and Iran helped investors’ trading sentiments settle today.
6/ PRICE ACTION : Weekly Timeframe
This is where things get more bullish.$SEI confirmed this bullish divergence by breaking above $0.25
Despite the big green candle, this pattern holds the potential to take $SEI to $0.40
The price still has over 2X to achieve for hitting… pic.twitter.com/1LpwkzFy3G
— Our Crypto Talk (@ourcryptotalk) June 24, 2025
Besides, SEI’s market activity has been high for days, as the DEX volume hit $263M/ week. This was a major milestone for the token. Its spot inflows also peaked, and the derivative OI market surged, currently at $252.93M after an 82% surge.
Additional data shows that the Sei ecosystem is witnessing growth. Per DeFiLama data, the USDC supply on Sei soared to $225M, where it was just $1.2M in March. Not to forget, the Wyoming Stable Token Commission (WSTC) has chosen SEI as the US’s first state-issued stablecoin.
As it’s on the US policy radar, there’s a hint of its long-term dominance. The Sei upgrade Giga is also coming, and other developments are pumping its worth. Overall, the SEI token’s surge is due to macro and technical factors.
Although the technical charts also present a consolidation near the $0.30, a bullish momentum could push it higher.