SEI price rallies past resistance after TVL spikes to all-time high | Credit: Hameem Sarwar
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Key Takeaways
SEI ends its multi-month downtrend, climbing past the 20 and 50-week EMAs.
SEI’s TVL hit a record $682 million, indicating rising capital and user trust.
SEI could hit $1.14 by year-end, though risk exists if the price slips below $0.28.
SEI, the native coin of the layer-1 modular blockchain Sei, has extended its 30-day performance to a 105% rally. In the process, SEI’s price has hit $0.37 — a level it last reached on Jan. 20.
This breakout comes amid the broader altcoin rally, with the cryptocurrency experiencing massive buying pressure. While moves like this could end in a correction, it does not seem like SEI would go that route.
Here is why the altcoin is likely to experience massive gains in 2025.
SEI Bulls Are Back
On the weekly chart, SEI’s price has broken above the upper trendline of a descending triangle. This breakout signals that the cryptocurrency has exited its bearish phase since December 2024.
During the downtrend, SEI traded below key Exponential Moving Averages (EMAs). But as of this writing, that is no longer the case.
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Today, SEI’s price has risen above the 20 EMA (blue) and the 50 EMA (yellow). If this trend continues, SEI’s price is likely to break above the supply zone at $0.50.
If successful, the cryptocurrency’s value could also break the resistance at $0.70.
Outside of the price action, data from DeFiLlama shows that Sei Total Value Locked (TVL) has reached a new high. Last month, the TVL dropped to $522 million.
The same metric has risen to a record high of $682.42 million. The rise in the TVL indicates increased capital deployed into protocols built on the Sei blockchain.
This also means a rise in perceived trust for the project as user expect better yields from their deposits. Amid more liquidity and user activity, demand for the altcoin might rise.
Therefore, if this trend continues, SEI’s price might break the $0.50 and $0.70 resistance in the coming weeks, as stated earlier.
Looking at the technical perspective again, the daily chart shows that SEI’s price has broken out of a falling wedge to reach $0.37. A closer examination of the chart shows that the rise in the Chaikin Money Flow (CMF) helped validate this trend.
From the image below, the CMFI is above the zero signal line, indicating strong buying pressure. In line with this, the Awesome Oscillator (AO) has risen to the positive region, indicating bullish momentum around the cryptocurrency.
If this trend continues, the SEI coin might rise to $0.52 in the short term. It could break the resistance at $0.62 in the coming weeks or months and give way to $0.76.
Once this happens, SEI might rally to $1.14 before 2025 ends. However, if sellers take control, this might not happen, and SEI’s price could slide toward $0.28.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
