Required containers
- SEI is up 10%, beating the cryptocurrency market.
- The currency may extend its rally to $0.092 per day to rise significantly in the near future.
The cryptocurrency market opened a new weekly mixed candle as some currencies rose while others did not.
SEI, a coin based on the Sei blockchain, is one of the most successful among the top 100 cryptocurrencies in the market.
The stock has risen by 10% in the last 24 hours and may extend its rally soon. Technical indicators suggest that the SEI may break above the major resistance level as the broader market remains strong.
SEI holds meetings where Sei Labs completes EVM Updates
A major contribution to SEI’s latest event is the completion of its EVM infrastructure.
The group announced over the weekend that it has completed its transition to building a unified, EVM-only system.
This means that exchanges and administrators who support the SEI token need to transfer their customer data before Cosmos and IBC support related services.
The main message of the group: Sei EVM is not a separate chain. “It’s the same chain with a second link,” Sei Labs said in an announcement. Any site that considers “Sei” and “Sei EVM” as two separate entities should merge them into one.
The push closes SIP-3, the May 2025 presidential vote that approved Sei’s move on the EVM architecture alone.
The transition has been gradual until the year 2026, with the addition of EVM in January, the transfer of IBC stopped in February, and the local oracle replaced by Chainlink, Pyth, and API3 in March.
SEI bulls are looking at the resistance level of $0.080
The SEI/USD 4H chart is not trending well due to the recent Sei rally. Fast signs indicate that these bulls continue to dominate the market.
An RSI of 70 means that the SEI is approaching an overbought area, which could indicate impending selling pressure. The MACD lines are also in positive territory, adding to the bullish narrative.
If interest rates continue, the SEI may surpass the $0.0800 level soon. A move above the daily chart at $0.09248 could be a target for the SEI in the coming days and weeks.
However, if the sellers resume, the SEI may drop to the support level at $0.07021. A break from this level could see the bears push the price lower to the $0.06490 psychological level.
