SEI is back in the spotlight after hitting a new all-time high in total value locked (TVL), according to veteran analyst Crypto Rand. The jump may have something to do with the news that Valour just filed for a SEI-based ETF in the U.S. While the on-chain numbers are growing, the SEI price itself is still hovering just below $0.28, keeping traders glued to the chart.
The #TVL on $SEI continues to push new All Time Highs. Possibly still fueled by last weeks news of Valour filing for a #SEI #ETF in the US. pic.twitter.com/kz1vJfUCnf
— Crypto Rand (@crypto_rand) July 3, 2025
After breaking structure near $0.22, SEI rallied hard and topped out around $0.33. But momentum has cooled off since, and the price has settled into a pretty tight consolidation range. Right now, it’s moving between roughly $0.27 and $0.29, forming a descending triangle, not the most bullish setup unless something changes.
The 50-period simple moving average is sitting at around $0.2842 and acting like a ceiling. SEI price would need to flip that into support and push through the top of the triangle to shift the short-term trend. Until then, the structure leans slightly bearish.
Source: TradingView.com
Moreover, below the current range, there’s some support around $0.25. If that doesn’t hold, the next major demand zone sits down near $0.215 to $0.185. That’s the area that helped launch the last big move up, so it might be where buyers step in again, if they show up.
The RSI is hanging around 43, which isn’t terrible, but it’s not showing any real strength either. There’s no clear divergence, which means we might be stuck in this sideways grind for a bit longer unless volume kicks in or price breaks one way or the other.
For now, Sei price holding pattern continues, but with ETF buzz in the air, traders are watching closely.
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What’s Next for SEI Price?
SEI remains in a holding pattern after its recent rally. A move above $0.29 and reclaim of the 50-SMA would shift short-term sentiment bullish, potentially setting up a return to the $0.33 high.
However, if sellers push the SEI price below $0.27, the focus will shift to the $0.22–$0.21 zone. A breakdown there could bring the $0.19 area into play. Traders are watching the trendline and demand zone interaction to confirm the next move.
SEI On-Chain Growth Adds Long-Term Interest
As price consolidates, network activity is rising. Crypto Rand pointed to record TVL and referenced the ETF narrative as a possible trigger. If institutional interest continues to grow, that may help support price through accumulation or breakout phases.
While SEI price remains range-bound in the short term, long-term technical and on-chain factors are building a base for future movement. Traders are preparing for volatility once the current structure resolves.
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The post SEI Breaks TVL Records as ETF Hype Builds – What’s Next for the Price? appeared first on CaptainAltcoin.
