SEI, the native token of the Sei blockchain, surged 10% in the last 24 hours, outperforming the broader cryptocurrency market. This rally follows the completion of Sei Labs' transition to a unified EVM-only architecture, a move that consolidates the blockchain's functionality and requires exchanges and custodians to migrate customer holdings. The transition, which began with a governance vote in May 2025, has been implemented in stages throughout 2026.
Technical indicators suggest that SEI could continue its upward momentum, with the potential to surpass the $0.080 resistance level. The recent rally has pushed SEI's RSI to 70, indicating it is nearing overbought territory, which could lead to selling pressure. However, if the bullish trend persists, SEI may target the $0.092 daily swing high in the near term. Conversely, a shift in market sentiment could see SEI fall to support levels around $0.070.
SEI Jumps 10% Following EVM Transition Completion
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