An analyst from the More Crypto Online YouTube channel suggested that SEI price could go higher after an 84.6% price surge last week.
Analysts share two key scenarios the community should pay attention to. One is a very bullish scenario with five waves followed by a significant decline, providing another entry point for investors, and the other is a slightly more bearish forecast, the ABC structured scenario.
“The next levels are $0.97, $1.16 and $1.55,” the analyst said. “Until then we can continue to rise in the fifth wave setup.”
He concluded that SEI “showed a lot of strength yesterday.”
The price of Sei (SEI) has risen and is currently at $0.822584, up 3% and surging 84.6% in the last 24 hours, according to data from CoinGecko, a cryptocurrency data aggregator with over 11,000 different cryptocurrency assets. Over the past 7 days.
SEI’s circulating supply is $2.3 billion, valuing Sei’s market capitalization at $1.8 billion, with a 24-hour trading volume of over $1 billion.
At the same time, excitement continues in the SEI community over the successful completion of Sei V2, announced on January 1 by Sei co-founder Jay Jog. Working with renowned blockchain security experts Zellic and OtterSec, the platform has undergone a code audit to ensure a strong foundation for future deployments and has introduced optimistic parallelism, a groundbreaking feature expected to reshape transaction processing.