Key Takeaways
- SEI rose nearly 80% over the past seven days after the Sei blockchain was selected by the Wyoming Stable Token Commission.
- If bullish momentum continues, the token could soon test the $0.40 level.
SEI Climbs Above $0.30
SEI, the native token of the Sei blockchain, was one of last week’s top performers, gaining almost 80% during that period. The uptrend emerged amid a broader market sell-off triggered by the conflict between Iran and Israel.
The token rallied after Sei was announced as one of two blockchains chosen in the latest round by the Wyoming Stable Token Commission to host WYST, the first fiat-backed stablecoin issued by a U.S. state.
SEI reached $0.34, its highest level since January 2025, before pulling back slightly to $0.30. If upward momentum holds, the token could push toward $0.40.
SEI Could Reach $0.40 Soon
The 4-hour SEI/USD chart looks bullish, showing buyers in control and the potential to drive SEI higher over the short term. At the time of publication, SEI was trading at $0.3045 and established firm support around $0.2900.
A 72 reading on the Relative Strength Index (RSI) indicates strong buyer dominance. MACD lines are also positioned in bullish territory, suggesting the SEI/USD pair may continue its upward move.
If bullish momentum persists, SEI could test resistance near $0.41. In a sustained rally, the token may reach $0.48 — its highest level since January 2025.
Conversely, the SEI/USD pair could turn bearish if the geopolitical situation between Israel and Iran escalates. In that scenario, SEI might retest the $0.29 support level or potentially fall toward $0.23.