- SEI confirms a cup and handle breakout with a 21% weekly gain, reclaiming $0.32 support as volume hits 1.21B.
- SEI network TVL surpasses $700M for the first time, signaling strong DeFi traction and deeper capital deployment.
- Bullish structure remains intact as SEI eyes the $0.50 target, backed by aligned price action, volume, and on-chain data.
SEI has confirmed a textbook cup and handle breakout on the weekly chart, closing at $0.3201 with a 21% weekly surge. Simultaneously, total value locked on the SEI network exploded past $700 million, marking a new all-time high.
Volume Confirms Breakout as SEI Reclaims Structure
SEI has reclaimed bullish structure after weeks of buildup near the $0.30 zone. According to a post by Emilio Bojan, the weekly candle confirmed a clean breakout backed by high conviction volume.
The pattern shows a rounded bottom followed by a descending flag, forming a classic cup and handle setup. The breakout flipped resistance into support, pushing price action sharply upward with firm momentum.
Weekly volume on SEI reached 1.21 billion, the highest since Q3 2024. Buyers stepped in aggressively, driving consistent green candles and widening spreads through each session.
TVL Spikes to Record High with On-Chain Confidence
SEI’s on-chain data is now aligning with the technical setup. According to a report by Lennaert Snyder, stablecoin supply and protocol usage have intensified as TVL jumped beyond $700 million.
This move sets a new record for the network, with no slowdown visible in capital deployment. The spike reflects both user activity and deeper institutional flows into SEI’s DeFi ecosystem.
The growth also mirrors network traction, where smart contract usage and project onboarding have expanded throughout Q2. SEI is attracting attention with measurable utility across key DeFi layers.
Technical Target Sits at $0.50 with Strong Continuation Setup
The short-term target for SEI now sits near $0.50, representing a 56% move from current levels. The current trend remains clean, with higher lows forming across weekly candles.
The handle breakout has now shifted momentum back into bullish control. Buyers are defending each dip, reinforcing the trend structure with no visible exhaustion. SEI’s setup is not just technical-it’s also reinforced by fundamentals. Price, volume, and TVL are moving in sync, showing real directional weight behind this breakout.
