• SEI price rises 8.9% in 24 hours as trading volume doubles to $219.1M, showing renewed market momentum.
• The coin reclaims the top EVM spot, surpassing Base and opBNB in weekly active wallets due to its fast, scalable architecture.
• Derivatives volume surges 89%, with open interest up 13.4%, hinting at smart money positioning ahead of a breakout.

SEI is gaining traction across the entire altcoin sphere and eyeing a surge in its value, in line with the entire crypto market. Its price over the last 24 hours is up by 8.91%, but over the last week it is down by 7.27%.

Currently, SEI is trading at $0.3070 with a 24-hour trading volume of $219.1 million, up by 99.5% over the last 24 hours. The coin has a market capitalization of $1.77 billion, which is also up by 8.54%.

The general market trend is now turning bullish as Bitcoin has started its upward momentum after the recent dip in price. The overall market is also impacted by this surge, including altcoins.

SEI Becomes the Fastest-Growing EVM in Web3

According to the @SeiNetwork, SEI has become the #1 EVM-compatible blockchain by weekly active wallets, overtaking Base and opBNB, as reported by DappRadar. Low-latency, high-throughput design makes the network the premier solution for real-world dApps, like DeFi, gaming, and Web3 social networks. Parallel execution and extremely rapid finality provide unparalleled user and developer experience.

EVM Moves Faster on Sei encapsulates its real value: faster transactions and more efficient accounts. Sei, through seamless support of EVM and growing developer interest, becomes the leading chain behind high-performance, scalable applications in future iterations of Web3 adoption.

Also Read: SEI Price Analysis: Ready to Skyrocket Toward $0.49

SEI Bounces Off Key Support: Is $0.50 Next?

According to the technical analysis, the token has some promising bullish indications. On the daily chart, it bounced off 100-day EMA support at $0.292, which indicates fresh buying interest from the market. Technical indicators also support this scenario. The Relative Strength Index (RSI) is 50.20, which indicates neutral momentum slightly on the uptrend path.

The MACD has a probable bullish crossover on the charts, as the MACD and signal lines have started converging from either side. That configuration generally indicates an increasing chance of price going upwards if volume sustains the move.

If the coin manages to stay above the $0.30 threshold and penetrate near-term resistance levels, it may aim at the $0.35–$0.40 area and potentially beyond to $0.45–$0.50 on a bullish outlook, whereas support remains strong at $0.277 and $0.270. As volume increases, technical support and market participation increase, and the risk-to-reward profile of the token becomes more appealing. However, investors should keep market volatility in mind and employ adequate risk management.

SEI Attracts Big Players as Derivatives Activity Climbs

Derivatives data further confirm this outlook. The token saw a sharp 89.36% surge in volume to $425.45 million, signaling heightened trading activity. Meanwhile, open interest climbed 13.43% to $273.59 million, suggesting increased capital flow into futures markets.

The OI-weighted sentiment remains at -0.0367% currently, showing a mildly negative bias in spite of expanding open interest. However, the data as a whole still implies that institutional and smart money might be positioning themselves in anticipation of a larger price movement.

Also Read: SEI Price Prediction: Can It Reclaim $0.47 After CoinShares ETP Launch?