Date: Fri, March 14, 2025 | 05:35 AM GMT
The cryptocurrency market remains under pressure, with Ethereum (ETH) falling to $1,900 from its December peak of $4,091, dragging most altcoins lower. However, Sei (SEI) is coming up in spotlight today with a 6% surge following key accumulation signals. Despite a steep 67% decline over the past 90 days, SEI’s price action suggests that a potential reversal could be on the horizon.
Accumulation by World Liberty Financial
SEI’s recent surge is largely fueled by significant institutional buying from Donald Trump’s financial initiative, World Liberty Financial (WLF). On-chain data from Arkham Intelligence shows that WLF recently transferred $25 million USDC to a separate address last week. This address then purchased $100,000 worth of SEI tokens and moved them back to the main WLF wallet.
The increased interest from WLF suggests growing confidence in SEI’s long-term potential. If accumulation continues, it could act as a key catalyst for further price appreciation and drive SEI into a recovery phase.
Double Bottom Pattern Hints at Recovery
A closer look at SEI’s weekly chart reveals the formation of a double bottom pattern at a crucial support zone between $0.19 and $0.26. This pattern is considered a strong bullish reversal signal, especially when combined with rising accumulation. SEI previously faced a sharp rejection from the $0.7361 resistance level in December 2024, triggering a prolonged downtrend.
The MACD indicator is showing early signs of a potential bullish crossover, hinting at a trend reversal. However, confirmation is needed in the form of increased buying volume and a decisive break above the immediate resistance.
If SEI successfully rebounds from this support zone, it could target the 25-day moving average as its next key resistance level. A successful breakout from this range could push SEI toward the $0.66 – $0.74 region in the coming weeks.
On the flip side, if SEI fails to hold above the $0.19 support, it could see further declines, with the next major support level sitting around $0.11. This makes the current price action a critical make-or-break moment for the token.
Final Thoughts
SEI’s price action and the growing institutional accumulation are creating a mixed but potentially bullish setup. If the double bottom pattern confirms, SEI could see a strong rebound in the coming weeks. However, traders should closely monitor key resistance levels and buying volume for confirmation of a true reversal. The involvement of World Liberty Financial could provide the momentum needed to break out of its prolonged downtrend.
For now, all eyes remain on whether SEI can sustain its support level and trigger a trend reversal, making the upcoming price movements crucial for its future trajectory.
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