SEI Surges 80% in a Week — Can the Rally Continue?
The post SEI Surges 80% in a Week — Can the Rally Continue? appeared on BitcoinEthereumNews.com.
Sei token has recently experienced a remarkable surge, gaining approximately 70% in less than two weeks. After correcting to $0.15, $SEI quickly rebounded, climbing to $0.27, a key resistance level. Despite broader market challenges and global uncertainties, $SEI has shown strong resilience and continues to attract attention from both traders and investors. Sei (SEI) Price Analysis Currently, Sei holds a market cap of approximately $1.52 billion. Over the past week, the token has surged 73%, and it has posted a 27% increase over the past month, despite ongoing negative market sentiment. Source – Jacob Crypto Bury However, when viewed on a yearly scale, Sei remains significantly below its previous highs. The broader crypto market is also showing signs of recovery, with altcoins, meme coins, Layer 1s, Layer 2s, and blue-chip cryptocurrencies demonstrating strong upward momentum. Many investors believe this could signal the beginning of a more sustained rally across the altcoin sector. Sei promotes itself as “accelerating the future” and claims to be the fastest parallel blockchain. Over the past seven days, $SEI’s price action has maintained a strong bullish structure. Following a short-lived June 18 pullback, $SEI climbed steadily, consolidated briefly on June 22-23, and launched an aggressive breakout today. This sharp rally pushed $SEI’s price from approximately $0.20 to over $0.27, reflecting a surge in buying pressure and market momentum. As $SEI approached its recent highs, slight pullbacks began to appear, suggesting that some traders may be starting to take profits at these elevated levels. However, this minor retracement is considered natural market behavior rather than a shift in the overall trend. Sei (SEI) Price Prediction While $SEI’s recent price movement is impressive, technical indicators suggest caution. The Relative Strength Index (RSI) currently shows that $SEI is overbought on the daily timeframe, similar to its condition in early…
