What to know:
- SEI outperforms the altcoin market and Bitcoin despite crypto weakness, signaling strong bullish resilience.
- SEI moved above 20-day and 50-day EMAs, strengthening momentum while testing resistance at the 100-day EMA.
- Sei Network’s Giga Roadmap boosts investor confidence by outlining major scalability upgrades.
SEI remained strong despite the broader altcoin market crash, outperforming Bitcoin and maintaining bullish momentum. Analysts see continued upside potential for the SEI price as technical indicators improve. The newly announced Giga Roadmap has also boosted optimism around Sei’s future scalability and network performance.
At the time of writing, SEI is trading at $0.07050 with a 24-hour trading volume of $144.76 million and a market capitalization of $500.35 million. Following the 3.72% loss over the last 24 hours, the improving price structure and network update point to a bullish reversal for SEI.
Source: CoinMarketCap
SEI Maintains Uptrend Despite Broader Altcoin Crash
According to the crypto analyst Michaël van de Poppe, Sei has continued showing impressive resilience despite heavy selling pressure across the broader altcoin market in recent days.
While many cryptocurrencies struggled to defend key support levels, the SEI price maintained strong momentum and steadily gained strength against Bitcoin. Its relative outperformance during the ongoing correction has attracted growing attention from traders seeking stronger market opportunities.
Source: Michaël van de Poppe’s X Post
According to technical analysts, there are still bullish conditions prevailing in the market structure of SEI, supported by the formation of higher highs and higher lows.
In addition, the SEI price has been moving in a rounded bottom formation, which is often viewed as a continuation in the existing trend and a setup for upward price action. With the stabilization of Bitcoin, there is a possibility of new high levels in the SEI price.
Also Read: SEI Price Prediction: Breakout Formation Targets $0.76 as Bulls Regain Control
SEI Price Struggles at 100-day EMA
According to TradingView, the SEI price is displaying an uptrend that pushes its price level to 0.07090. However, this upward trend is more powerful than both the 20-day EMA and 50-day EMAs.
But the token faces the pressure of the 100-day EMA at the level of 0.07029, while the falling 200-day EMA is at 0.10068.
Source: TradingView
Nonetheless, the Relative Strength Index with 14 periods suggests significant buying pressure. In particular, the line in purple has risen sharply towards 64.12, thus crossing above its signal line in yellow at 50.05. This development is indicative of the growing power of the buyers and room for expansion for the SEI price.
Sei Unveils Giga Roadmap for Network Expansion
The data from Sei further highlighted that the Giga Upgrade has been officially announced by Sei with the release of the Giga Roadmap.
This is the first-ever public disclosure of the stages that will lead to the successful implementation of the Giga Upgrade. Through this roadmap, the steps needed to achieve network scalability and faster performance are described.
Source: Sei’s X Post
According to the Sei team, implementing the Giga Upgrade is a highly complicated process, which would require thorough testing and cooperation.
This project is already making noise across the whole crypto world, as there are those who see this upgrade as something that could be revolutionary and help establish a strong reputation for Sei in the fast-paced blockchain environment.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: SEI Price Analysis: Can Bulls Reclaim $0.10 After Long-Term Bearish Breakdown?
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