- World Liberty bought 4.89M SEI tokens for $775K, raising holdings to nearly 6M despite being down $145.8M across all positions.
- SEI’s price increased 9.48% to $0.1697 on April 12, with volume surging to 84.39M, hinting at a possible short term trend reversal.
- SEI trades near key resistance at $0.1724; breakout or rejection here will decide if it tests $0.2100 or slides below $0.1350.
SEI is having renewed attention as trading activity surges. According to Lookonchain, Trump linked entity World Liberty purchased 4.89 million SEI tokens. The transaction totaled $775,000 in USDC. This move raised their total SEI holdings to nearly 6 million.
However, Coinglass data shows World Liberty is currently in the red on all 11 of their token positions. They have spent approximately $346.8 million and are currently down by $145.8 million. Altcoin Buzz noted this, stating that World Liberty Fi has resumed accumulating SEI, adding $775,000 worth to their holdings.
Steady price drop followed by potential reversal
Since January 2024, SEI has had sustained outflows, especially during February and March. Multiple days saw red netflows of $5 million to $10 million. This pattern aligns with SEI’s price dropping from around $0.40 in January to $0.05 by April.
According to historical trends, this follows a previous high in December 2023. At that time, netflows peaked with green bars before a sudden $30 million outflow hit in early December.
That move preceded a sharp decline, ending the temporary surge that began in November. The recent price activity has shown a break in that downtrend. On April 12, SEI closed at $0.1697, a 9.48% daily gain.
Volume also jumped, reaching 84.39 million SEI traded, an increase indicating renewed market activity. This shift introduces the possibility of a short term trend change if momentum continues.
Indicators show mixed but notable changes
Bollinger Bands show SEI trading just below the middle SMA at $0.1724. The candle reached that level, suggesting early bullish momentum.
However, SEI is trading within the band, with the upper limit at $0.2150. A break above the SMA would need sustained volume to confirm any real move. Failure to hold above $0.1650, however, could return the token to lower levels.
The Accumulation/Distribution line is at 731.62 million and has started rising after staying flat. This slight upward move suggests mild buying pressure following heavy distribution. The increase remains limited but marks a shift from previous behavior.
April 13 outlook depends on follow-through
SEI must maintain strong trading volume above 85 million to break above $0.1750. If achieved, it may approach the $0.2000–$0.2100 range. Otherwise, rejection at the SMA could lead to a slide back to $0.1350 or lower. Price movement around $0.1724 and $0.1650 is critical. Whether bulls retain control or if sellers return, it remains to be seen.
