SEI's stock has risen by 6.81% over the past 24 hours, trading at $0.3418 with strong momentum throughout the day.
Trading volume reached $134.91 million, but it recorded a decline of 38.86% from previous levels.
Weekly forecasts indicate potential breakout targets between $2.93 and $2.94 following previous consolidation.
The SEI digital currency, based on the SEI network, has begun an upward trend after reaching its lows and stabilizing at its levels. This rise has led market analysts to focus on its next market position, as forecasts indicate it reaching new price levels, accelerating weekly gains to 6.88%.
The current market movement of the SEI index reveals bullish performance.
Tracking the current price trend at the time of publication, CoinMarketCap data reveals that the SEI token opened its market today during the Asian trading session at $0.3247. The price gained momentum to reach its current levels, with the asset trading at $0.3418, marking an increase of 6.81% over the past day. After stabilizing around $0.325 for several hours, SEI's pace accelerated upward during the morning.
Source: CoinMarketCap
By 9:00 AM EAT, the price of the token exceeded $0.335, supported by ongoing buying activity. This rise continued until noon, pushing the token to its peak at $0.3418. The trading volume during the same period was $134.91 million, although it decreased by 38.86% compared to previous levels. The daily chart shows steady gains over consecutive hours, confirming SEI's short-term upward trend.
The weekly chart of the SEI index shows strong momentum for a breakout.
CoinMarketCap confirmed that SEI's price trend has shown a shift in its weekly chart structure, from a long-term consolidation state to a rapid bullish phase. The weekly chart of SEI exhibits an expected consolidation phase followed by two potential breakout points. The first forecast is near $0.67, indicating the end of a long-term downward trend through the formation of an extended wedge. From this level, the forecast shows steady progress beyond the overall bullish flag pattern that characterized most of 2024 and early 2025.
Source: X
The second expected breakout indicates a stronger acceleration phase, with movement from below $1.50 towards a target near $3.00. The chart indicates a peak at $2.9484, with clear resistance also near $2.9332. These figures represent typical outcomes based on the breakout structure. During the early stages of this anticipated cycle, several rejections appeared near the macroeconomic flag resistance. Once the consolidation phases conclude, the forecast shows an expansion in volume and momentum, leading to a sharp upward movement.
The transition from the first to the second breakthrough represents a typical shift in market direction. The current structure indicates that SEI's expectations remain high after testing levels above $2.90. With the overall wedge resolving and testing resistance, the chart suggests that SEI is in a new cycle phase. The historical wedge pressure in this forecast aligns with potential rapid bullish momentum.