SEI
1. Selected by the state of Wyoming for a stablecoin
2. Breaking a downward trend and positive technical signals
SEI broke a downward channel that spanned sixty days, leading to technical signals to "buy" (the first bullish crossover in about 70 days).
A long-term downward "wedge" pattern was also broken, resulting in a sharp rise (+16 to +28 %).
3. Strong on-chain activity
Record increase in the number of transactions – exceeding 1.5 million on June 21, with active addresses rising to over 616 thousand.
Daily trading volume rose to over 400 million dollars, indicating increased interest from traders.
4. Liquidity growth and capital inflow
Increase in capital flow in the spot market.
Increase in futures volume and clients added leveraged positions (Open Interest +43 %, Trading volume +177 %).
We expect an increase in the currency's rise despite natural corrections due to the market situation as you can see.
The next resistance is concentrated between 0.26–0.28 dollars, and higher points may be targeted upon breaking through.
✅ Summary:
The rise of SEI came as a result of a strong interaction between positive news (Wyoming adoption), technical and pattern exposure, significant network activity, and considerable financial inflows from traders and investors.
Price development can be tracked more accurately using:
Technical analysis (TL·MFI·AO)
