SEI Token Surges 24% in 24 Hours, Breaks Key Resistance

SEI, the native token of the Sei blockchain, has experienced a notable surge in value, with its price increasing by 24% in the past 24 hours. This significant jump has positioned SEI as the top gainer in the crypto market, attracting the attention of investors and analysts. Popular analyst Crypto Yoddha has suggested that the token has "left the station" and is heading toward the $1 level.

The recent price movement of SEI can be analyzed through its chart patterns. The 10-day chart shows that SEI has broken out of a descending triangle pattern, which had been compressing price action since May. This breakout, accompanied by increased trading volume, indicates a shift in momentum from bearish to bullish. Additionally, the price has moved above the 200-day moving average, a key level that traders often watch to determine long-term trend direction.

The breakout candle also confirms a clean break above the $0.29–$0.31 resistance zone, an area that previously rejected price multiple times. This zone now turns into support, and if the price stays above it, SEI could build enough strength to test higher levels. The increased trading volume confirms that fresh money is entering the market, and SEI’s market cap, which sits below $2 billion, is considered undervalued for a Layer-1 token showing strong adoption.

The Sei blockchain has gained attention for its speed, low fees, and increasing developer activity, especially in gaming and DeFi sectors. If user activity continues to rise, demand for SEI could follow, potentially driving the price higher. The blockchain's focus on order book transactions and its association with Cosmos have contributed to its growing popularity and credibility.

Reaching the $1 price target would require SEI to more than triple from its current price of around $0.31. While this is technically possible, SEI would need to clear resistance around $0.40, $0.55, and $0.75 – each of which previously acted as major reversal zones. If the token can break through those levels with strong volume and growing ecosystem demand, the $1 level becomes more realistic over time. However, in the short term, traders should watch for a cool-off or consolidation near current levels before any next leg up.

In conclusion, SEI is showing signs of early-stage momentum, both on the chart and across its ecosystem. The breakout above the 200-day moving average and triangle resistance is a bullish development. While $1 is an ambitious near-term goal, the technicals support the case for further upside – especially if the broader crypto market stays bullish. Investors should keep an eye on whether SEI holds above the $0.29–$0.31 support, as that will likely determine the strength and speed of any move toward higher targets.