SEI Price Prediction: SEC ETF Acknowledgment Triggers 8% Rally
- SEC acknowledgment of SEI ETF fuels 8% rally and 120% volume surge.
- Technical breakout targets $0.36, with strong support at $0.303.
- Exchange outflows and short squeezes could push SEI higher in coming days.
The U.S. Securities and Exchange Commission (SEC) officially acknowledged Cboe BZX Exchange’s filing to list and trade the Canary Staked Sei [SEI] ETF. The update sparked bullish sentiment, pushing SEI up more than 8% as trading volume more than doubled.
SEI Breakout Analysis: Key Support and Resistance Levels
SEI price broke out of a Falling Wedge pattern, clearing resistance near $0.31. On the 4-hour chart, buyers now hold the advantage, and as long as SEI stays above $0.303, traders expect a possible rally toward $0.36.
The ADX at 33.78 confirms strong trend momentum, while the Supertrend flipped green, adding confidence to the bullish setup.
On-Chain Data Shows SEI Accumulation by Investors
Fresh on-chain activity supports the bullish narrative. Data from CoinGlass revealed $2.2 million worth of SEI moved off exchanges in the last 24 hours, pointing to accumulation by long-term holders.
Meanwhile, around $1.81 million in short positions are at risk near $0.319. A break above this zone could trigger liquidations, fueling further upside momentum.
SEI Price Outlook: Can Bulls Push to $0.36?
The liquidation heatmap highlights $0.295 as downside support and $0.326 as resistance. A decisive move beyond either could spark volatility, but for now, the bias leans bullish.
If buyers keep SEI above $0.303, momentum could extend toward $0.36 in the short term.
The post SEI Price Prediction: SEC ETF Acknowledgment Triggers 8% Rally first appeared on BlockNews.
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SEI Price Prediction: SEC ETF Acknowledgment Triggers 8% Rally
- SEC acknowledgment of SEI ETF fuels 8% rally and 120% volume surge.
- Technical breakout targets $0.36, with strong support at $0.303.
- Exchange outflows and short squeezes could push SEI higher in coming days.
The U.S. Securities and Exchange Commission (SEC) officially acknowledged Cboe BZX Exchange’s filing to list and trade the Canary Staked Sei [SEI] ETF. The update sparked bullish sentiment, pushing SEI up more than 8% as trading volume more than doubled.
SEI Breakout Analysis: Key Support and Resistance Levels
SEI price broke out of a Falling Wedge pattern, clearing resistance near $0.31. On the 4-hour chart, buyers now hold the advantage, and as long as SEI stays above $0.303, traders expect a possible rally toward $0.36.
The ADX at 33.78 confirms strong trend momentum, while the Supertrend flipped green, adding confidence to the bullish setup.
On-Chain Data Shows SEI Accumulation by Investors
Fresh on-chain activity supports the bullish narrative. Data from CoinGlass revealed $2.2 million worth of SEI moved off exchanges in the last 24 hours, pointing to accumulation by long-term holders.
Meanwhile, around $1.81 million in short positions are at risk near $0.319. A break above this zone could trigger liquidations, fueling further upside momentum.
SEI Price Outlook: Can Bulls Push to $0.36?
The liquidation heatmap highlights $0.295 as downside support and $0.326 as resistance. A decisive move beyond either could spark volatility, but for now, the bias leans bullish.
If buyers keep SEI above $0.303, momentum could extend toward $0.36 in the short term.
The post SEI Price Prediction: SEC ETF Acknowledgment Triggers 8% Rally first appeared on BlockNews.
Read More