SEI Skyrockets 33% as DeFi TVL Approaches Record Highs in Market Comeback

DeFi's sleeping giant wakes up swinging—SEI's parabolic surge mirrors the sector's liquidity renaissance.

TVL inches toward all-time highs as yield farmers dust off their wallets and pretend they 'believed all along.'

Bullish? Sure. Sustainable? Ask the leveraged degens currently mainlining hopium.

SEI price analysis

From a technical perspective, SEI has broken out of multiple bullish patterns. It recently cleared the upper resistance of a multi-week descending channel, signaling a trend reversal.

The token has also broken above the symmetrical triangle pattern that had been forming since February, another bullish continuation signal.

SEI now trades above both its 50-day and 200-day moving averages, confirming a favorable trend structure. Additionally, the Supertrend indicator has flashed a green signal, and the MACD has registered a bullish crossover, both of which suggest positive momentum is likely to continue.

Hence, the next potential upside target lies at $0.36, which coincides with the 38.2% Fibonacci retracement level from the year-to-date high.

If macroeconomic sentiment continues to improve and on-chain strength sustains, SEI could attempt a MOVE toward the $0.50 psychological resistance zone, which aligns with the 61.8% Fibonacci level.

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