• KAIO enabled the launch of tokenized funds on the Sei Network by BlackRock and Brevan Howard.
• Analyst Ali believes that Sei might go as high as $0.36 in case the current support levels remain intact. 
• Data from the RSI and MACD markets show consistent buying activity and a strong upward trend.

Sei Network has opened up fresh possibilities for institutional and onchain investors alike. BlackRock and Brevan Howard have launched both tokenized investments on the blockchain. This was possible through the infrastructure of KAIO. Analyst Ali believes that the technical signals may drive the price with the technical analysis to a price of $0.36.

Putting Funds On-chain

KAIO, one of the most successful money market tokenization platforms, has implemented its on-chain fund services in the Sei Network. This gives the customers the opportunity to buy the BlackRock IC SC US Dollar Liquidity Fund tokens.

Olivier Dang, COO at KAIO, mentioned that this is an enormous achievement as institutions continue their attempts at using blockchain. He has also mentioned that the partnership presents programmable and real-time financial systems of the next-generation capital markets.

The new funds provide financial stability and accessible flexibility to alternative investments, which increases the market share of Sei in the regulated DeFi market.

According to Justin Barlow, one of the Executive Directors of the Sei Development Foundation, it is a move in the correct direction for the platform. He also observed that the new integration helps Sei to be the main settlement layer of the cryptocurrencies used by institutions.

Some investors of Sei include Multi coin, Jump, Coinbase Ventures, and Circle Ventures. Through the platform, billions of transactions have already been completed in more than 70 million wallets. This would prove that the platform is capable of supporting additional businesses.

Institutional Adoption and Bullish Setup  

Ali commented that there is hope for Sei price to increase further. According to him, the support level at $0.267 is an important point. In case the price continues to be higher than it, the momentum of Sei will continue to increase. the next important level will be at $0.36.

Martinez also added that the current trend of this token is similar to Sui in 2024 when the latter made a frenzy run. According to him, Sei would further evolve when more institutions start using the platform.

Source: X

Also Read | Sei (SEI) Price Analysis: Bulls Eye $0.50 Target After Strong Accumulation

Balanced Accumulation

On the 4-hour chart, there are significant retracement levels between $0.281 and $0.301. One of the most important reference points is the VWAP at $0.2844. Price is remaining near that VWAP. Also, there is a balance of buyers and sellers as traders build positions.

The Fibonacci retracements indicate that the price has recovered from the 0.786 area, approximately $0.287. This area has mostly assisted the price to rebound. If the price breaks out at the 0.382 level ($0.297), the price might increase to the $0.33 area. The next target is $0.36, which will confirm the signal shown on the chart of Ali.

VAWP and Fib. Source: TradingView

Potential Upside Momentum

The RSI is 48, and it indicates that the market is rather optimistic. It is not being overbought, but flattening. This implies that if a large number of individuals start purchasing the token, its price might start skyrocketing.

The MACD lines are close to zero, and could depict a bullish crossing. If the histogram becomes positive, the price of the token may increase since the number of traders that purchase the token will likely increase. The probability that Sei will continue heading to a new resistance level is high, provided an increased number of institutions use the network.

MACD and RSI. Source: TradingView

Also Read | SEI Price Explodes 4.5%: Analyst Predicts Powerful Rally to $1.50 Soon!