- WLFI’s buy signals growing confidence, with trading volume and Open Interest surging.
- Technical indicators and rising social activity point toward a potential breakout for SEI.
World Liberty Financial [WLFI], a crypto firm linked to Donald Trump, made a significant on-chain purchase by acquiring 547,990 Sei [SEI] for $125,000 USDC.
This bold move signals growing institutional confidence in Sei Network, as big players have started taking an interest in the project.
At press time, SEI was trading at $0.2485, reflecting a 9.69% increase over the past 24 hours. With such institutional backing and rising market activity, SEI could be on the brink of a major price breakout.
Current market overview
Sei Network has seen a significant increase in market activity as per Coinglass data. Trading volume surged by 141.01%, reaching $168.44 million, while Open Interest rose by 21.56%, hitting $98.88 million.
This surge suggests strong investor interest and growing confidence in the network’s future.
Therefore, the rise in both volume and Open Interest reflects an expanding market base and potential for continued price growth.
Such momentum often precedes larger price movements, making SEI a potential candidate for further upside.
Key levels and price action
From a technical standpoint, SEI has broken out of a descending wedge pattern and successfully retested the accumulation zone, signaling that the price action had stabilized after the pullback.
The price was $0.2485 at press time, with immediate resistance at $0.2558 and a higher target at $0.2616. The RSI at 44.06 showed that SEI was not yet overbought, leaving room for further growth.
Key support levels at $0.2165 and $0.2255 were crucial, and if SEI holds above these levels, it could make a push toward the $0.30 range.
Source: TradingView
SEI: Positive sentiment across the board
The social volume has spiked, reaching 26, reflecting increasing attention from the crypto community. Additionally, social dominance rose to 0.405%, signaling heightened discussions surrounding SEI.
This uptick in social activity often correlates with increased market participation and upward price momentum. As more people engage with Sei Network, the likelihood of further bullish price action grows.
Source: Santiment
Liquidation heatmap: Key liquidation zones
The liquidation heatmap indicated significant liquidation zones between the $0.24 and $0.25 levels. If the price pushes past these areas, it could trigger a cascade of liquidations, amplifying the upward momentum.
On the other hand, if the price fails to break through these levels, the market might experience selling pressure, potentially testing lower support levels.
Traders should keep a close eye on these levels to gauge whether the price will continue its upward trajectory or face a correction.
Source: Coinglass
Is SEI poised for a rally?
Based on current indicators—surging trading volume, open interest, positive technical chart patterns, and rising social sentiment—SEI looks set for further price gains.
The recent institutional investment only adds to the bullish outlook for the token.
Therefore, it seems that SEI is indeed poised for a rally, and it could see a breakout in the near future, barring any unexpected market corrections.
