$SEI breaks resistance, eyes $1.06 target amid bullish momentum - AMBCrypto Analytics

SEI is making waves in the crypto space, boasting 871,000 daily users and an impressive $254M in Total Value Locked (TVL). This explosive growth has drawn significant investor interest, but the key question remains: can SEI maintain its upward trajectory and attract more capital?

At press time, SEI is trading at $0.6683, up 4.14% on the day. Recent price action suggests strong bullish momentum, highlighted by a breakout from a descending channel pattern, which indicates a potential trend reversal. The breach of a key resistance level at $0.6712 paves the way for a target of $1.0604—offering a potential 57.53% upside from the current price.

Technical indicators add fuel to the optimism. A bullish crossover between the 9-day ($0.5748) and 21-day ($0.5157) moving averages further confirms SEI's upward momentum.

With strong fundamentals and positive technical signals, SEI seems poised for further growth. However, market dynamics and external factors could still influence its trajectory.