SEI Price Surges Could SEI Be the Next SOL

CoinWorld reported:
At least for now, Wednesday belongs to SEI. The stock price surged over 27%, bringing SEI’s current trading price to approximately $0.46.
Sei (SEI) is a Layer 1 blockchain and a competitor to SUI, Solana, and many other networks. In fact, many refer to SEI as a direct competitor and clone of SUI.
However, SEI’s market capitalization is significantly lower, around $1.6 billion, while SUI has now surpassed $4.5 billion. Of course, Solana is a massive project, with a current market cap of about $70 billion.
Comparison of SEI, SUI, and SOL: Technical Analysis
A comparison of the charts for SEI, SUI, and SOL reveals interesting similarities in their price patterns. The chart for SOL shows that after a period of low-price consolidation, the stock price experienced exponential growth, ultimately resulting in a massive breakout and rapid increase. This indicates that SOL’s potential was recognized early on, triggering a parabolic rebound.
The price trend for SUI resembles SOL’s early pattern, with its 1-2 wave structure suggesting a potential bottoming process. Currently, SUI’s trading price is about $1.67, showing signs of recovery, and if conditions remain favorable, it may be preparing for a larger impact wave.



SEI also exhibits a 1-2 wave structure similar to that of SUI and SOL. Following a significant pullback, SEI is showing early signs of potential recovery, with a trading price around $0.46. If SEI can maintain support around $0.368 and continue to break through resistance levels, it may replicate SOL’s past bull market cycle.
The 1-2 wave formation is a key pattern indicating that a reversal may occur after consolidation and bottoming. Both SEI and SUI display these characteristics, suggesting the possibility of upward movement. SEI’s current price resembles the breakout structure of SOL during the 2021 cycle, featuring bottoming patterns and a gradual upward trend.
Bullish Indicators for SEI
SEI’s price has clearly broken through the short-term consolidation range, with recent volatility highs around $0.4164 and $0.3719. This breakout appears to be impulsive, typically regarded as a strong bullish signal.
The price surged significantly from the lows to approximately $0.4594, indicating strong buyer control. If the resistance zone maintains as new support, this upward momentum could continue.



Open Interest (OI) in the SEI futures market is on the rise, indicating an increase in open positions. This is often combined with rising prices and is viewed as a bullish signal, as it suggests high market participation.
Interestingly, the funding rate is negative (-0.017), implying that there are more short positions than long positions in the market. This creates conditions for a short squeeze, as traders betting on price declines may be forced to cover their positions through buybacks, potentially further accelerating SEI’s price increase.
A substantial increase in spot trading volume (109.493M) indicates strong demand for SEI in the spot market. High spot trading volume typically supports price movements and is a strong confirmation of actual demand, reinforcing the idea that the upward trend may continue.