SEI price has been pumping for the past 1 week and it might not be stopping yet. After months of sluggish movement, SEI has finally broken out of a major downtrend, and momentum is quickly building. This breakout has drawn the attention of traders, and analyst Crypto Auris believes the rally could be far from over.
One of the biggest signals of strength right now is that SEI has broken above a key resistance line that held it back for months. This descending trendline, which started all the way back in early 2025, has now been cleanly broken to the upside. The breakout happened with strong volume and price action, confirming that it wasn’t just a fakeout.
Crypto Auris highlighted this breakout in a recent post on X, saying SEI is “on fire” after gaining 40% in just 24 hours and 90% from its April lows. At the time of his analysis, SEI price had reached around $0.28 and was still showing strong bullish signs.
Resistance Zone Tested and SEI On-Chain Activity Is Picking Up
Right after breaking the trendline, SEI price surged directly into a key resistance zone between roughly $0.26 and $0.28. This area had rejected price multiple times in the past, so it’s an important level to watch.
Crypto Auris pointed out that the market is now at a decision point. If bulls can flip this resistance zone into support, SEI could be ready for another move up. But if it gets rejected, a pullback toward the breakout level could happen first. Either way, the fact that SEI is challenging this zone with strength is a good sign.
Behind the charts, SEI’s network data also tells a bullish story. According to Crypto Auris, SEI now has over 7.6 million active addresses. On top of that, transaction volume is up by 30% recently. That kind of activity is often seen during strong uptrends and shows that more users are actually engaging with the Sei ecosystem.
This spike in usage could be one of the driving forces behind the SEI price pump. When real utility and user activity increase, it gives investors more reason to believe in the token’s value over the long term.
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What’s Next for SEI Price?
So what’s the next move? Based on Crypto Auris’ chart and commentary, SEI price could soon target the $0.30 to $0.36 range if momentum continues. If that happens, it would mark a clean continuation after flipping the current resistance into support.
He also hinted that a 2x move from current levels isn’t out of the question if things go right. That would put SEI closer to the $0.50 range, although it’s likely to meet more resistance along the way.
For now, traders are watching to see how SEI behaves around this key resistance zone. If bulls stay in control, the recent breakout might just be the beginning of something much bigger.
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The post SEI Price Just Exploded, and It Might Only Be the Beginning appeared first on CaptainAltcoin.
