🚀 SEI Hits 6-Month High — But Can It Survive Today’s $20M Token Unlock? 🔓📉
SEI is trading above $0.35, riding a 40% weekly and 100% monthly rally fueled by surging DeFi activity, rising trading volumes, and strong technical momentum. With TVL up 230% since January and DEX volumes averaging $65M, investor interest has clearly reignited.
But all eyes are now on today’s $20 million token unlock — a potential turning point. Though the unlocked tokens represent less than 1% of circulating supply, history shows that even small unlocks can shift sentiment quickly. 📊
Key indicators show a bullish trend but also signal caution:
■RSI at 70.4 suggests it's near overbought territory.
■CCI points to possible short-term overextension.
■A move above $0.36 could lead to a breakout toward $0.40+, while a drop below $0.33 may invite profit-taking.
✅ Conclusion:
SEI’s fundamentals and momentum are strong, but the token unlock could inject volatility. Traders should watch price levels closely today. If the market absorbs the new supply well, SEI might continue its run — if not, a short-term pullback could be on the cards. 🎯💰
Eyes on the chart. Today could define SEI’s next move. ⏳🔥