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Cryptocurrency News Articles

Sei (SEI) Gains Strong Momentum as the Broader Crypto Market Shifts Decisively Into a Bullish Phase

Apr 12, 2025 at 07:30 pm

With Bitcoin reclaiming higher ground and fueling renewed optimism, altcoins are beginning to surge—SEI among the top performers.

Sei (SEI) Gains Strong Momentum as the Broader Crypto Market Shifts Decisively Into a Bullish Phase

The price of (SEI) is showing signs of strength as the broader crypto market continues to shift decisively into a bullish phase.

Optimism is growing with Bitcoin reclaiming higher ground and fueling renewed interest in altcoins, which are beginning to surge—SEI among the top performers. The token has surged nearly 8% in the past 24 hours.

This pushes the token to trade at $0.1627 at the time of writing, supported by a robust 24-hour trading volume of $56.99 million and a market capitalization of $794.34 million. The uptick comes as SEI recently hit a low of $0.1315 amid widespread market selloffs.

However, the sentiment has flipped, and the token is showing signs of recovery as bullish momentum builds.SEI Appears To Have Formed A Local Bottom

SEI appears to have formed a local bottom in the $0.13-$0.15 range, which is setting the stage for a potential macro accumulation phase. This shift in sentiment suggests that SEI could be entering the early stages of a sustained uptrend.

According to crypto insights shared by Crypto Patel, SEI is shaping up to be one of the altcoins to watch this cycle. He provides a bullish thesis based on structural signals and key support levels.

The primary accumulation zone for the asset is between $0.15 and $0.13, where buying interest tends to be stronger. A crucial support level lies at $0.13, and if the price breaks below this threshold, it could trigger a further drop toward the $0.10 to $0.09 range. This lower zone might act as a secondary accumulation area, likely attracting interest from buyers at lower price points.

On the bullish side, a significant breakout could occur if the price manages to form a high timeframe change of character (ChoCh) above the $0.22 level. This would serve to confirm the bullish market structure and potentially signal the start of an upward trend.

If this breakout unfolds, the asset could aim for price targets ranging from $2 to $5, based on fair value gap (FVG) extensions and historical impulse projections.

With the broader market sentiment improving and investors re-entering risk-on mode, a successful retest and bounce from current levels would further validate the bullish scenario. Attention is now on the $0.22 mark, which may serve as the breakout trigger for SEI’s next major rally.

Despite short-term fluctuations, SEI’s long-term outlook remains optimistic. Its low market cap and increasing ecosystem developments position it as a high-upside candidate in the next phase of the crypto bull run.

Disclaimer:info@kdj.com

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Other articles published on Apr 21, 2025