$SEI Token Soars 13%: Can It Hit $0.500 This Month?

The SEI token has seen a remarkable surge, gaining over 13% in a day and 30% this week. With a sharp up move and significant bullish activity, it's primed to break out of its channel and potentially reach $0.500.

Key points:

- SEI token price has rebounded from $0.2300 with sustained buying interest

- Total Value Locked (TVL) continues to rise, indicating growing trust and interest

- Futures Open Interest has increased, showing fresh long buildup activity

- SEI could rally ahead, targeting $0.500 and potentially $0.800 in a highly bullish case

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