SEI ($SEI) has emerged as one of the standout performers in the past 72 hours, posting a 60% rally at a time when the crypto market as a whole is bouncing back. As of June 24, the SEI Coin was trading at around $0.28, up over 40.9% in the last 24 hours, and leading the daily gainers chart on CoinMarketCap.
This move isn’t happening in isolation. The broader market is showing signs of recovery, with Bitcoin reclaiming $105K, Ethereum up 6.5% to $2,403, and altcoins like Solana, Tron, Dogecoin, Cardano, and Dmail pushing higher.
The global crypto market cap has now crossed $3.24 trillion, with a 3.8% daily increase, while the Fear & Greed Index sits at a neutral 47, signaling a possible shift in investor sentiment.
SEI Coin Network Activity Surges
SEI’s explosive move is backed by serious usage. According to Nansen.ai, SEI ranks #2 in fee growth across all chains, with a 60% rise in the past 7 days, only behind Aptos.
More importantly, on-chain metrics paint a clear picture of the growing momentum behind SEI. The network recorded $51.26 million in 24-hour DEX volume and $113.05 million in perpetuals trading, while its Total Value Locked (TVL) on DefiLlama surged to $1.074 billion, up 15.03% in just 24 hours.
Inflows reached over $4.46 million, and total trading volume soared past $761 million, marking a 246.02% increase. These reflect real user activity and fresh capital flowing into the SEI ecosystem, especially as the broader crypto market rebounds.
Price Prediction: What’s Next for SEI?
A quick look at TradingView’s 1-week SEI/USDT analysis reveals a clear bullish bias. The summary dashboard labels SEI a “Buy,” with 10 buy signals from moving averages and only 2 sell signals.
The momentum indicator and MACD are both positive, while the exponential moving averages (10, 20, and 30-day) all show bullish crosses.
The average price targets from these metrics range between $0.27 and $0.30, with many indicating a potential push beyond the $0.30 resistance level if momentum continues.
If the trend continues, SEI Coin price might reach $0.30 in a few days. The price could go even higher, reaching $0.35 to $0.40. This would be an increase of about 41.64% from its current level if it breaks through the resistance levels. Watch for inflows and trading volume as key signs to observe.
However, short-term pullbacks could happen, especially if the Bitcoin price stalls around $105,000. Keep an eye on the $0.255 to $0.26 area for support and the $0.30 to $0.32 range for confirmation of a breakout.
READ MORE: Best Altcoins to Buy Today Ahead of the Crypto Bull Run
