SEI Network (SEI) Token Price Surges After a Notable Transaction From a Wallet Associated with Trump's World Liberty Project

The native token of the Sei Network, SEI, has seen a sharp rise in price after a notable transaction from a wallet associated with Trump's World Liberty project.

The native token of the Sei Network (SEI) has seen a sharp rise in price after a notable transaction from a wallet associated with Trump’s World Liberty project. The token has risen over 10% in the last 24 hours.

SEI Short-Term Target and Falling Wedge Breakout

Technical data shows that SEI may be breaking out of a falling wedge pattern. Shared by analyst ZAYKFX, the setup shows SEI moving down since November 2024, making lower highs and lower lows. At the time of writing, the token has reached $0.1731 and is approaching a critical resistance level.

The breakout from the wedge suggests a bullish reversal. With momentum continuing, the short-term target projected is near $0.34. That’s a 100% move from the current level. Usually, this pattern is formed when sellers lose strength and buyers start to come in, which is happening now.

Moreover, CryptoPatel also has another chart that supports the idea of a trend shift. It points out a significant accumulation zone between $0.13 and $0.15, where buyers have typically entered the market.

It seems like the price has bottomed near this range and is trying to go up. According to analysts, if SEI can close and hold above $0.22, that would indicate a structural change and the start of a longer-term rally.

Whale Purchase Signals Market Confidence

Additionally, according to on-chain tracking platform Lookonchain, a wallet associated with Trump’s World Liberty project purchased 4.89 million SEI tokens for $775,000. In total, this wallet has spent $346.8 million on 11 assets across several tokens. But the account is $145.8 million down on its holdings.

Yet, this SEI purchase is a standout, as it occurs at a time when a breakout could be in the works. Breakout attempts can attract retail and institutional traders and large wallets buying can create upward pressure. This doesn’t mean it will be a long-term gain, but it does lend weight to the current momentum.

After a Long SEI Price Bearish Period, Derivatives Market Shifts

Another layer to the picture is added by Coinglass funding rate data. For the last three months, SEI’s funding rate has been mostly negative. That means traders have been heavily shorting the token and expecting the price to fall further.

Bullish bets had gone up in January, but deep negative spikes in February and March indicated that bearish bets had also increased.

But the rate is now nearer to neutral, which could indicate a change of mood. This could be interpreted as short positions being closed or reversed, which would fit with the breakout pattern in the charts. Positive funding rates could be viewed as a bullish case if they are consistently positive.

Meanwhile, SEI’s price dropped from about $0.35 in January to around $0.15 in April. Buyers are coming in again as we see the recent move above $0.16, potentially to defend the accumulation zone identified in the analysis.

Key Resistance Levels Ahead

For the uptrend to continue, SEI must hold and close above $0.22. Analysts say this level is a structural pivot, where a confirmed break would flip the trend from bearish to bullish on higher time frames.

Next resistance targets include $0.28, $0.40, and $1.0470 if momentum continues. On the downside, failure to stay above $0.15 could send SEI back toward $0.10-$0.09 support zones.

As technical indicators, whale activity, and market sentiment shift, SEI’s next few moves could confirm whether it has reached a bottom or remains in a broader consolidation.