Can SEI price break out past $0.20 soon?

Sei (SEI) is showing signs of recovery, currently trading at $0.1969 with a 24-hour trading volume of $129.54 million. The cryptocurrency has surged by 7.20% in the past day and 0.74% in the past hour, reflecting strong buying interest despite recent market corrections.

Read SEI Price Prediction 2025 for more detailed insights

SEI Price Performance & Market Trends

SEI hit an all-time high (ATH) of $1.14 on March 16, 2024, but has since retraced by -82.73%. However, its remarkable rise of 2364.31% from its all-time low (ATL) of $0.007989 on August 15, 2023, highlights its resilience.

Technical indicators present a mixed sentiment. The 50-day Simple Moving Average (SMA) stands at $0.2535, indicating short-term resistance, while the 200-day SMA at $0.3919 suggests a broader downtrend. SEI has recently bounced from $0.18, gaining 7% today and approaching the psychological $0.20 level. Additionally, its daily trading volume has risen by 17%, signaling growing investor confidence.

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Trump-Linked Venture Fuels SEI Price Surge

A key factor behind SEI’s recent price momentum is a significant investment from World Liberty Financial, a blockchain-focused venture associated with Donald Trump. The firm recently acquired 541,242 SEI tokens for $100,000 USDC at an average price of $0.185. With this purchase, their total SEI holdings have reached 1.089 million tokens, acquired for $225,000. Despite market fluctuations, their holdings are now valued at $207,000.

Future Outlook for SEI

Technically, SEI is positioning for a short-term breakout from its descending triangle pattern. A strong rebound from key resistance zones could trigger further price surges. With increased institutional interest and a recovering market, SEI could see further upward movement in the near term.