SEI token has surged over 25% this week, driven by a breakout above a long-standing descending channel and increased trading activity. The token's price climbed more than 9% during intraday trading on Monday, pushing weekly gains beyond 25%. This rally was supported by a sharp rise in futures volume, which crossed $258 million, and an increase in open interest, indicating strong momentum behind SEI's recovery.
The recent support for SEI token migration by SuperEx has further boosted market visibility, attracting more traders to the asset. The announcement coincided with a broader interest in alternative Layer-1 projects, as Bitcoin's stability encouraged capital rotation into smaller-cap cryptocurrencies. SEI's breakout has shifted the market structure, with analysts now eyeing the $0.10 to $0.11 range as the next major resistance area.
Derivatives activity has mirrored the bullish sentiment, with SEI futures volume surging over 85% in the past 24 hours. Open interest has climbed beyond $94 million, reflecting increased exposure during the rally. The combination of rising prices, futures activity, and trading volume suggests continued upside momentum for SEI.
SEI Token Surges 25% Amid Rising Futures Volume and Breakout
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