- SEI confirms breakout above macro resistance, signaling a bullish trend shift.
- TVL spikes over 32% in two weeks, boosting DeFi strength on the SEI chain.
- Bullish sentiment tops charts at 92.1%, outperforming major tokens including BTC.
SEI’s recent price action shows steady gains, climbing nearly 1% in the last day and over 6% in a week. Trading volume remains strong, indicating growing interest as the token builds momentum in the market.
SEI Confirms Bullish Breakout Amid Explosive TVL Growth
SEI is catching fire after a textbook breakout from a macro bull flag pattern. According to a chart shared by Bitcoinsensus, the breakout kicked off at the $0.29–$0.30 range, signaling the end of its accumulation phase. A second breakout near $1.40–$1.50, formed by a smaller rising wedge, ignited even stronger momentum, sending SEI rallying to a peak of $2.9484.
This rally follows a clear technical path, supported by growing volume and steep price acceleration. Institutional accumulation seems likely, with price rejecting prior resistance zones now acting as support. Fibonacci levels suggest the $2.93–$3.00 range could face friction, but the structure points to continuation.
Backing the price action is the chain’s strengthening fundamentals, the Total Value Locked (TVL) on the SEI network jumped from $430M to over $570M between late September and early October—a staggering 32% rise. This surge in locked capital signals growing trust and usage across SEI-based DeFi applications.
Source Marc Shawn Brown
The October 6–7 recovery in TVL further echoes renewed investor confidence, aligning closely with SEI’s breakout phase. More liquidity entering the ecosystem typically precedes higher network activity and valuation.
SEI Ecosystem Grows with On-Chain Partnerships
SEI’s bullish technicals are also supported by strategic developments. The launch of its EVM-compatible chain marks a major step in expanding its developer and user base.
Moreover, the introduction of the PYUSD on-chain fund—built in partnership with Apollo and Securitize—adds institutional-grade legitimacy to SEI’s DeFi roadmap.This gap, however, is narrowing as rising TVL attracts more builders and investors.
The coin’s market cap now sits at $1.86B, with 24-hour trading volume topping $157M, according to CoinMarketCap. SEI is currently listed on Binance, ensuring high liquidity and visibility across global markets.
Market Sentiment Hits New Highs
An infographic published by LaunchBoard on October 7 places SEI at the top of the crypto sentiment rankings with a whopping 92.1% bullish score. That’s higher than even Bitcoin (88.5%) and other trending tokens like FET and ICP. This sentiment and the recent technical breakouts, surging TVL, and ecosystem growth add to the bullish case.
