SEI Price Surges Today: Here’s What’s Fueling the Rally

SEI rockets upward as traders pile into the altcoin’s latest momentum play. Is this another speculative frenzy or a legit breakout?

The Catalysts Behind the Pump

Rumors swirl about an upcoming ecosystem upgrade—developers hint at ‘major scalability improvements’ by Q3. Meanwhile, SEI’s trading volume spikes 300% on Asian exchanges, outpacing even meme coins (for now).

Whale Watching

On-chain data shows two fresh 8-figure wallets accumulating SEI this morning. Either someone knows something, or they’re about to learn a painful lesson about buying tops.

Market Sentiment Flip

After months of sideways action, SEI suddenly cracks the top 50 by market cap. Cue the usual suspects: influencer shills, leverage traders, and that one hedge fund VP who just discovered ‘web3’ last week.

The altcoin’s 24-hour rally defies Bitcoin’s flatlining price—proving once again that crypto markets reward the reckless before the rational. Will it hold? Place your bets.

1. SEI Rallies by Over 100% in Two Weeks!

Since mid-June, SEI experienced increasing buy volume that saw the price move higher and higher without any hesitation. At the time of this post, the SEI price is up by 112% compared to two weeks ago. This rally is impressive and managed to get this cryptocurrency to 30 cents. The current resistance is at $0. 36 and the support at $0.27.

2. Bullish Momentum Takes Price into Overbought Territory

The daily RSI is above 70 points which places it into overbought territory. This means that buyers could become exhausted and a pullback is likely. The last time the RSI was this high was in early May and a correction followed. Best to avoid FOMO at this time.

3. Buy Volume Exploded

The last time the SEI buy volume was this high it was November 2024. The price also made a higher high which signals that this rally may continue for quite some time regardless of any pullbacks. To confirm this, the resistance at 36 cents has to break.