CDS Crypto News Sei Token Surges 25% in 24 Hours Amidst Heightened Investor Activity
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Sei Token Surges 25% in 24 Hours Amidst Heightened Investor Activity

Sei token surged over 25% in 24 hours, hitting its highest price since June. Increased trading volume and bullish technical indicators suggest further upside potential, while key liquidation levels highlight ongoing investor activity.

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Sei Token, Yatırımcı Hareketliliğiyle Son 24 Saatte %25'ten Fazla Değer Kazandı

Sei Token Surges 25% in 24 Hours Amidst Heightened Investor Activity

Sei, the layer-1 blockchain optimized for high-frequency cryptocurrency trading, saw its native token experience a significant price surge of over 25% in the last 24 hours.

On September 25th, Sei’s price climbed from an intraday low of $0.366 to a high of $0.471, as tracked across major cryptocurrency exchanges. This marks the token’s highest price level since June 12th. Its market capitalization has now surged to $1.6 billion, positioning Sei as the 59th largest digital asset globally, according to data from CoinGecko.

The price jump was accompanied by a sharp increase in daily trading volume, which soared by 187%, now hovering around $523 million. Furthermore, Coinglass data reveals a 34.4% rise in open interest for SEI, which currently sits at $170.3 million—pointing to heightened investor activity as a driving force behind the ongoing rally.

Sei Token Surges 25% in 24 Hours Amidst Heightened Investor Activity

From a technical perspective, Sei has broken out of a falling wedge pattern on the daily chart—a bullish indicator that suggests the potential for further gains. Additionally, the token has surpassed its upper Bollinger Band at $0.4503, signaling strong upward momentum.

The Directional Movement Index (DMI) also reflects growing bullish sentiment, with the +DI (Directional Indicator) rising and the -DI falling, indicating a reduction in selling pressure. Moreover, the Average Directional Index (ADX) is increasing, highlighting that the previously weak bullish trend is now gaining strength.

Sei Token Surges 25% in 24 Hours Amidst Heightened Investor Activity

Looking ahead, traders should watch the $0.50 level, which may act as a psychological resistance point. Should SEI successfully break through this level with strong volume, the price could target $0.55 or even higher.

However, caution is advised, as the Relative Strength Index (RSI) is currently overbought at 74, suggesting a potential short-term pullback or consolidation. In the event of a correction, the middle Bollinger Band around $0.3224 may serve as a critical support level.

Key Liquidation Levels

Sei Token Surges 25% in 24 Hours Amidst Heightened Investor Activity

Currently, significant liquidation thresholds for SEI are at $0.454 on the downside and $0.475 on the upside, according to Coinglass data. These levels reflect substantial leverage among intraday traders. A drop to $0.454 could trigger the liquidation of nearly $494,000 in long positions, while a rise to $0.475 might result in approximately $3.44 million in short positions being liquidated.

As of now, bullish momentum appears to be in control, with the potential for further short liquidations as the price tests higher resistance levels.

Sei Token Surges 25% in 24 Hours Amidst Heightened Investor Activity

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