Seis Price Surges 25 Shatters Crucial Barrier with Bullish Target of 050

Sei, the layer-1 blockchain for high-frequency crypto trading, saw its native token’s price jump more than 25% in the last 24 hours.
On Sept. 25,
Sei
(
SEI
) rose from an intraday low of $0.366 to hit a high of $0.471 earlier in the day across major exchanges.
This is the highest level the token has been since June 12, with its market capitalization leaping to $1.6 billion, positioning it as the 59th largest digital asset globally, according to CoinGecko data.
The price surge came alongside a 187% rise in its daily trading volume, currently hovering around $523 million. Further, Coinglass
data
shows that SEI’s daily open interest was up 34.4% to $170.3 million when writing, pointing to heightened investor activity fueling SEI’s ongoing rally.
On the 1-day chart, SEI had broken out of a falling wedge pattern, a technical setup that
typically signals further upside
potential.
SEI price, Bollinger Bands and RSI chart -Sept. 25 | Source:
crypto.news
It has also broken the upper Bollinger Band, which stands at $0.4503, indicating that upward momentum remains strong.
The Directional Movement Index shows increasing bullish momentum, with a rising +DI and a falling -DI, indicating reduced selling pressure. At the same time, the Average Directional Index is climbing, suggesting that the previously weak bullish trend is gaining strength.
SEI DMI – Sept. 25 | Source:
crypto.news
Given the current trend, traders should keep an eye on the $0.50 mark, which could serve as the next psychological resistance. A successful breach of this level, combined with strong volume, might push the price toward $0.55 or higher.
However, the overbought Relative Strength Index at 74 signals the possibility of a near-term correction or consolidation. In case of a reversal, the middle Bollinger Band around $0.3224 may serve as a key support level.
You might also like:
Sei spikes 23% as Bitcoin breaks above $63k
Major liquidation levels
Currently, the key liquidation thresholds for SEI are around $0.454 on the downside and $0.475 on the upside, with significant leverage among intraday traders at these levels, according to Coinglass.
Source:
CoinGlass
If SEI drops to $0.454, nearly $494.47K in long positions could be liquidated. Conversely, a rise to $0.475 could lead to the liquidation of approximately $3.44 million in short positions.
At press time, bulls seemed to be in control, with the potential to trigger liquidations of short positions at higher levels.
Read more:
AAVE flips key resistance as CEX outflows jump