The latest $SEI news and price analysis reveals that the SEI token has experienced a significant surge, with a 16.81% increase in the last 24 hours. This impressive growth has been accompanied by a notable increase in trading volume, with $184.56M traded in the last 24 hours, indicating a high level of interest and activity in the market.

In terms of price action, SEI has broken through the $0.30 resistance level and is now moving towards the next target of $0.35. This bullish momentum suggests that SEI could continue to see further gains in the short term.

However, it's worth noting that the current trend for SEI is bearish, as evidenced by the price trading below all major moving averages (MA 10, MA 25, MA 50, MA 100, and MA 200). This could indicate that the recent surge might be a temporary correction or a short-term reversal, rather than a long-term bullish trend.

As always, it's important to conduct your own research and analysis before making any investment decisions. The cryptocurrency market is highly volatile and unpredictable, so it's essential to stay informed and make informed decisions based on your own risk tolerance and investment goals.