SEI Soars to 5-Month Peak – But a 10% Plunge Looms: What’s Brewing?

SEI rockets to its highest price since January—then suddenly stumbles. Is this just profit-taking or the start of a deeper correction?

The crypto defies gravity (briefly). After months of sideways action, SEI blasted past resistance to hit levels not seen since winter. Then—bam—a 10% haircut in 24 hours. Classic crypto whiplash.

Whales cashing out or paper hands folding? Chain data shows massive sell orders hitting the books right at the local top. Either way, liquidity just got thinner than a DeFi project's roadmap.

Technical alarm bells ringing. That double-digit dip sliced through the 20-day moving average like a hot wallet exploit. Next support level? About 15% lower—right where the VC unlock clauses kick in. How...convenient.

Greedflation meets crypto. Traders chasing the pump got reminded why 90% of 'breakouts' are actually exit liquidity events. But hey—at least the chart looks exciting between margarita breaks at the hedge fund pool party.

Whales led the charge — but where are they now?

Spot Average Order Size, tracked via CryptoQuant, showed whale dominance throughout June. That is a signal of heavy accumulation.

Source: CryptoQuant

However, as prices started to break out over the past day, whales reduced their activity and calmed down.

This implies that whale activity pushed prices higher, and they are yet to reenter the market following the breakout. 

SEI’s Open Interest hits ATH!

Futures market activity exploded.

According to Alphractal, SEI’s Open Interest soared by 48.3% to $243.5 million on the 25th of June, an all-time high. 

Source: Alphractal

This surge and a 155% jump in Exchange Volume ($436.4 million) indicate aggressive capital deployment.

Such movements on Sei are clear signs that Market Makers are already positioning themselves amid a shift in market sentiment. Usually, when the smart money turns bullish and starts to act, it marks the beginning of strong trends.

SEI sentiment hit its highest reading of the year

According to AMBCrypto’s analysis, SEI experienced strong upward momentum amid a shift in market sentiment. 

Source: Santiment

Santiment data confirmed that SEI’s Weighted Sentiment climbed to 7.186 on the 25th of June – the highest in over a year.

When positive sentiment hits a yearly high, it reflects growing confidence across all market participants, both whales and retail. With everyone turning bullish, this leaves SEI in a favorable position for a potential rally. 

Therefore, if whales can hold their positions while sentiment holds bullish, we could see SEI rally to $0.35. However, this upsurge is at risk because of increased profit-taking behavior. 

Profit-taking kicks in

Source: DefiLlama

SEI broke above $0.30 for the first time since January. This level has now become a magnet for profit realization.

Traders who held underwater bags since March found themselves in the green, and many appear to be cashing out.

As such, the altcoin’s Exchange Net Inflows have held positive for the last three days. 

Thus, if this profit-taking behavior continues, the altcoin will dip below $0.3 and find support around $0.29.