Sei (SEI) price prediction: Strong momentum in continuous big pump, eager to break through 1 dollar

The native token SEI of the Sei Blockchain is showing strong momentum in the ongoing market big pump, with a preliminary report of 0.3261 USD during the European morning today (11). According to the well-known analyst Crypto Yoddha, the token has "emerged from the valley" and is expected to break through the 1 USD barrier.

The 10-day chart on Trading View shows that the SEI price has just broken through its 200-day moving average (blue marker), which is a key level that traders often pay attention to in order to determine the direction of the long-term trend. This is typically seen as a shift in momentum from bearish to bullish.

More importantly, the SEI price has broken through the descending triangle pattern (red line). This triangle pattern has been compressing the price movement since May, trapping SEI in a narrow range of $0.16 to $0.25. The SEI price breaking out of this structure with volume is a bullish signal — the market seems to have noticed this as well.

The breakthrough of the candlestick chart also confirms that the price has completely broken through the resistance level of 0.29-0.31 USD, a region that has been suppressed by the price multiple times over the past few months. This area has now turned into a support level. If the price remains above this resistance level, SEI may accumulate enough strength to test higher levels.

This breakthrough is not an isolated case. The price of SEI has risen alongside an increase in trading volume, confirming that new funds are entering the market. At the same time, SEI's market cap is still below 2 billion USD, and many investors believe that this valuation is underestimated for a robust Layer1 (L1) token.

The Sei Blockchain has recently attracted attention due to its fast speed, low costs, and continuously increasing developer activity, especially in the gaming and DeFi sectors. If user activity continues to rise, the demand for SEI may increase accordingly.

(Source: X, Trading View)

Can SEI really reach 1 dollar?

Yoddha sets a target price of 1 USD, meaning that the SEI stock price needs to pump more than twice from the current level of about 0.31 USD. From a technical perspective, this is not impossible. Long-term charts show that SEI has previously experienced a big pump—bouncing back from below 0.10 USD to over 0.80 USD by the end of 2023.

To reach 1 dollar, SEI needs to break through the resistance levels around 0.40 dollars, 0.55 dollars, and 0.75 dollars—these resistance levels have previously been significant reversal areas. If the Token can break through these resistance levels with strong trading volume and growing ecosystem demand, the level of 1 dollar will become increasingly realistic over time.

However, in the short term, after a 24% increase, traders should pay attention to cooling or consolidation around the current levels before proceeding with the next round of increase.

Summary

In summary, SEI shows signs of early momentum both on the charts and in its entire ecosystem. Breaking through the 200-day moving average and the triangle resistance level is a bullish signal. While $1 is an ambitious short-term target, the technicals support further upside—especially with the overall cryptocurrency market remaining bullish.

Watch whether SEI can hold the support level of 0.29-0.31 USD. This may determine the strength and speed of its further rise.