SEI price tests key support after 80% breakout — are bulls ready for another push?
2025-07-02 09:02:00
Main Idea
SEI price has retreated after a 79% rally but remains in a bullish trend, with key indicators suggesting potential for further upside if it holds above critical support levels.
Key Points
1. SEI price surged ~79% to $0.34 from a breakout level near $0.19 but has since pulled back to $0.27, staying above the 20 EMA and 50 SMA.
2. The pullback occurred on declining volume, indicating a healthy correction rather than a reversal.
3. Momentum indicators like the RSI (61) support a bullish outlook, though momentum has slowed during the pullback.
4. A strong daily close above $0.34 could target the next resistance range at $0.35.
5. Circle holds 6.25 million SEI tokens, and SEI is under evaluation by the Wyoming Stable Token Commission for the WYST stablecoin.
6. Canary Capital has filed for a staked SEI ETF, currently under SEC review.
Description
SEI price has retreated after a recent 79% rally and is now testing a key support level, with technicals signaling potential for further upside. After a clean and explosive breakout from a descending channel on June 20, Sei ( SEI ) price surged to $0.34, marking a ~79% pump from the breakout level near $0.19. Since then, it has pulled back to $0.27, but remains well above the 20 EMA and 50 SMA, which continue to hold a bullish crossover that formed post-breakout. SEI price is now testing a key l...
Latest News
- SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m2025-07-04 11:32:52
- Amber International raises over a quarter of $100m goal to boost crypto holdings2025-07-04 11:32:05
- Analysis: Bitcoin could reach $120K in July amid BTC market maturity2025-07-04 11:29:14
- $2.4B lost in 2025 H1 crypto hacks — exchanges and DeFi hit hardest: report2025-07-04 11:16:45
- Over $1b flows into spot Bitcoin ETFs as macro sentiment improves2025-07-04 11:16:17