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crypto.news 2025-04-29 13:29:52

SEI price targets $0.40 as anticipation builds for staked SEI ETF

SEI price is showing signs of a potential bullish reversal amid building anticipation around a potential staked SEI exchange-traded fund from Canary Capital. Sei ( SEI ) which had been forming consistently lower highs and lower lows since early January, has recently posted its first slightly higher high. The token is currently testing the key resistance level at $0.20, a zone that previously marked a lower high and also aligns with the descending trendline. SEI has reclaimed both the EMA-20 and SMA-50, and is now edging toward the SMA-100 at $0.22, a signal that a longer-term structural shift could be underway. Momentum indicators also support the bullish case. The MACD shows a positive histogram and a bullish signal line crossover, while the Relative Strength Index stands at 66, reflecting strong buying pressure as it nears the overbought zone. source: TradingView Looking ahead, the next immediate target for SEI price is around $0.25 — a key level where the price consolidated between Feb. 20 and early March before breaking down to the $0.22 zone. A successful breakout above $0.25 could open the door for a move toward the $0.30 level. A more ambitious target is around $0.40 — the first major lower high following the early January peak and a point of intersection with the descending trendline. A breakdown below $0.14 local support would invalidate the bullish outlook. You might also like: SUI or SEI: Which one will dominate the 2025 bull market? AI has a radical take The key catalyst that may propel SEI price to $0.40 and above is Canary Capital’s recent registration of the Canary Staked SEI ETF Trust in Delaware. Officially filed on April 23, this statutory trust represents the first step toward launching a staked SEI exchange-traded fund in the U.S. While the filing doesn’t make the ETF tradable yet, it establishes the legal framework for holding and managing SEI assets, including staking operations designed to generate additional yield. The next phase in the process involves Canary Capital submitting a Form S-1 to the U.S. Securities and Exchange Commission , detailing the ETF’s structure, staking mechanism, and distribution strategy for rewards. If approved, the staked SEI ETF could become one of the first staking-integrated crypto ETFs in the U.S., potentially boosting SEI’s price by attracting institutional demand. You might also like: Canary Capital registers Delaware trust for staked Sei ETF

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