SEI has completed a falling wedge pattern near the $0.16 mark, a technical formation historically associated with rallies exceeding 150%. This development comes as SEI ranks second in net inflows among blockchain networks, trailing only Arbitrum, according to on-chain data. Additionally, Canary's staked SEI ETF has been listed on the DTCC active/pre-launch list, indicating significant regulatory progress and heightened institutional interest. This combination of technical and fundamental factors suggests a potentially bullish outlook for SEI.