SEI's price targets $0.40, driven by anticipation of Canary Capital's staking ETF. Bullish technical signals and a favorable regulatory framework post-MiCA are boosting its potential. SEI could soon reach a new all-time high.
The SEI token is once again sparking excitement among crypto investors, as bullish technical signals emerge and anticipation grows around the potential launch of an ETF staking SEI by Canary Capital. Fueled by renewed institutional interest and favorable technical dynamics, SEI’s price could target $0.40 in the coming weeks.
After moving in a bearish trend marked by lower highs and lows since January, the SEI (SEI/USD) price seems to be initiating a reversal. The token has recently crossed two key moving averages, the MMA20 (EMA-20) and the MMA50 (SMA-50), confirming an improvement in momentum. SEI is now approaching the MMA100 (SMA-100) around $0.22, a level that, if breached, could bolster bullish conviction.
Technical indicators reinforce this positive scenario, with the MACD histogram in positive territory and a bullish cross of the signal lines, while the RSI shows a score of 66, indicating strong buying pressure. The token will need to overcome two zones (highlighted in red) to reach a new ATH.
The first hurdle to overcome is $0.25, a consolidation level observed between mid-February and early March before the break towards $0.22. In the event of a bullish breakthrough, the $0.30 mark could be quickly reached.
The most ambitious target remains the range between $0.38 and $0.42, which represents both the first significant peak since January and a convergence between horizontal resistance and a downtrend line.
The central element supporting this bullish anticipation is the creation of the “Canary Staked SEI ETF Trust” by the American asset manager Canary Capital. This legal vehicle, the first step towards a crypto ETF based on staked assets, lays the regulatory groundwork for holding SEI assets, staking them, and distributing the rewards generated.
The filing of Form S-1 with the SEC will detail the technical structure of the ETF, its integrated staking mechanism, and its yield distribution strategy. If this process succeeds, the SEI staking ETF could become one of the first crypto ETFs with on-chain generated returns, thereby enhancing the asset’s appeal.
With European regulatory frameworks offering more clarity on digital assets, SEI’s price could benefit from increased adoption, particularly with the introduction of structured financial instruments like these ETFs. With its current price of $0.21, a market cap of over a billion dollars, and moderate intraday volatility, SEI is gradually establishing itself as a medium-term asset with significant potential.
Backed by bullish technical signals and growing institutional interest, SEI’s potential breakthrough of the $0.40 level seems plausible in the coming weeks. By combining technical analysis, fundamental news, and legal developments in crypto ETFs, SEI could emerge as one of the major winners of the next bullish cycle.
In the short term, SEI is still vulnerable to a retracement between $0.188 and $0.17. It will be essential to monitor Bitcoin in the upcoming days. A breakout and sustained hold above the 100-day MA at $0.22 would be an encouraging and bullish signal for the future.
For those looking to buy SEI on Bitget, here are the steps:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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