- SEI’s $12.83M unlock sparks debate but bullish momentum remains strong this week.
- Breaking the $0.2538 resistance could push SEI into a stronger upward price phase.
- Despite larger unlocks, SEI shows resilience supported by strong volume and sentiment.
Sei (SEI) has posted a notable price recovery this week, climbing over 6.5% in the last 24 hours alone. This comes amid growing anticipation of insider token unlocks across multiple projects, including SEI itself. From May 12 to 18, over $209.9 million worth of tokens are scheduled to unlock across six major projects.
SEI share accounts for $12.83 million or 1.09% of its circulating supply. The unlock has sparked debate over its potential impact on SEI’s short-term trajectory. However, recent trading momentum, strong support levels, and rising sentiment suggest bulls may retain control if resistance is breached.
SEI Maintains Bullish Momentum Ahead of $12.83M Unlock Event
SEI has maintained upward momentum throughout the week, starting below $0.235 and peaking near $0.2538. This move occurred despite insider unlock concerns, which often trigger fears of short-term sell pressure.
However, the market appears to be absorbing the supply smoothly. Significantly, the 24-hour trading volume of $188 million underscores elevated interest and engagement among traders.
Support has formed around $0.2328 and $0.238 two levels where buyers have consistently stepped in. These zones serve as safety nets if price retracement occurs. Resistance now sits at $0.2538.
If this level is broken on strong volume, SEI could enter a more aggressive upward phase. Moreover, the clean chart structure and green candles reinforce bullish conviction.
Other Unlocks Add Pressure, but SEI Shows Relative Strength
Several other major tokens also face upcoming unlocks, some of which are far larger than SEI’s. Fasttoken (FTN) leads with an $87 million release, making up 4.66% of its circulating supply.
Aptos (APT) follows with $37.76 million or 1.09%, and Arbitrum (ARB) unlocks $33.71 million, representing 1.95%. Despite this, prices across all five assets have shown resilience. Notably, Arbitrum gained over 16% this week, while Starknet (STRK) surged nearly 25%.
Consequently, the fear of unlock-induced downturns seems overstated for now. Besides, broader market strength and increasing liquidity have helped absorb new supply effectively.
Outlook: All Eyes on the $0.2538 Breakout Level
SEI’s ability to hold recent gains and push through $0.2538 remains key. A decisive breakout could draw fresh demand and signal the next leg up.
However, failure to surpass this resistance may invite short-term consolidation. Overall, the bullish momentum, strong support, and relatively small unlock suggest SEI has room to climb especially if broader sentiment stays positive.
