- SEI’s 65% surge defies bearish markets, fueled by Wyoming stablecoin nod.
- Developer activity and AI integrations boost SEI’s long-term ecosystem value.
- SEI eyes $0.40 breakout, but RSI overbought zone hints at short-term cooling.
Sei Network’s native token, SEI, has made headlines after soaring by more than 65% in just seven days. This remarkable rally occurred while broader crypto markets were reeling from fear and sell-offs. With the token as of press time trading around $0.277 and a market cap exceeding $1.5 billion, investors are questioning whether this momentum is sustainable.
Strategic Wins Drive Rapid Growth
One of the strongest catalysts behind SEI’s recent rally is its selection as a finalist in Wyoming’s Stable Token Pilot. On June 20, the Wyoming Stable Token Commission shortlisted Sei Network as one of two potential platforms for the WYST the first state-issued, fiat-backed stablecoin in the U.S. This recognition added serious credibility to SEI, pushing it into the spotlight during a bearish market phase.
1/ Key Catalysts :
— Our Crypto Talk (@ourcryptotalk) June 24, 2025
Wyoming Stablecoin Pilot Selection :
On June 20, 2025, the Wyoming Stable Token Commission selected Sei Network as one of two finalist blockchains for the WYST, the first U.S. state-issued, fiat-backed stablecoin. pic.twitter.com/HO6zc4LitY
Besides regulatory nods, Sei’s ecosystem expansion has been impressive. Over the past month, it ranked as the second most active EVM-compatible blockchain based on wallet activity. This surge in engagement suggests growing developer and user interest.
Additionally, the network announced AI integrations with firms like Rivalz AI and Takara Lend. These initiatives focus on enabling AI-oracle systems and automated vaults, aligning SEI with the fast-evolving agentic economy, which could reach a $200 billion market size.
Technical Indicators Signal Momentum With Caution
From a technical perspective, SEI appears bullish across multiple timeframes. The price broke out of a falling wedge on June 10, confirmed by a bullish divergence. Since then, seven of the last eight daily candles have closed green.
Key support levels at $0.27, $0.25, and $0.20 provide a cushion in case of a correction. The weekly chart suggests potential for a move toward $0.40, which still lies below its December 2023 highs.
5/ PRICE ACTION : 4h TimeFrame
— Our Crypto Talk (@ourcryptotalk) June 24, 2025
No matter how bullish the price gets, there will be areas where profits will be taken.
But $SEI has some good support despite the surge.
✅ Support 1 : $0.27
✅ Support 2 : $0.25
✅ Support 3 : $0.20
Support 3 is unlikely to hit as markets have… pic.twitter.com/m5zOZ3FRcB
However, indicators like the RSI, currently at 72.26, suggest overbought conditions. While the MACD still points upward, the histogram’s modest strength urges caution. A brief pullback or consolidation could occur before any sustained rally continues.
