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<p class="is-style-lead">An analyst from the More Crypto Online YouTube channel suggests the price of SEI could go higher following an 84.6% price surge in the last week.</p> 
<p>The analyst shares two main scenarios the community should watch: one very bullish with five waves following a substantial pullback that becomes another entry point for investors, and another with the ABC structure, a slightly more bearish prediction.</p> 
<p>“The next levels to watch are $0.97, $1.16, and $1.55,” if it holds the Jan. 2 lows, the analyst said. “Until then, we can still keep climbing in what is a setup for wave five.” </p> 
<p>He concludes SEI “showed a lot of strength yesterday.”</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="SEI Coin Price News Today - Technical Analysis and Elliott Wave Analysis and Price Prediction!" width="1020" height="574" src="https://www.youtube.com/embed/mB2WVR5-aNs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>According to data from CoinGecko, a cryptocurrency data aggregator with over 11,000 different crypto assets, the price of Sei (<a href="https://crypto.news/price/sei/" target="_blank" rel="noreferrer noopener">SEI</a>) has witnessed an increase, currently standing at $0.822584, accompanied by a 3% rise in the last 24 hours and an 84.6% surge in the past 7 days. </p> 
<p> You might also like: <a href="https://crypto.news/sei-leads-the-top-crypto-gainers-with-23-jump/"> SEI leads the top crypto gainers with 23% jump </a> </p> 
<p>With a circulating supply of 2.3 billion SEI, the market cap for Sei is evaluated at $1.8 billion, while the 24-hour trading volume amounts to over $1 billion.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="372" src="https://crypto.news/app/uploads/2024/01/Screen-Shot-2024-01-04-at-8.08.48-AM-1024x372.png" alt="SEI continues to show strength as top trending crypto - 42" class="wp-image-14234495">
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<p>At the same time, excitement continues from the SEI community over the&nbsp;Jan. 1 <a href="https://crypto.news/sei-leads-the-top-crypto-gainers-with-23-jump/" target="_blank" rel="noreferrer noopener">announcement&nbsp;</a>by Jay Jog, the co-founder of Sei, regarding the successful completion of Sei V2. Collaborating with renowned blockchain security experts Zellic and OtterSec, the platform underwent code auditing to ensure a strong foundation for its upcoming deployment, introducing optimistic parallelization, a groundbreaking feature promising to reshape transaction processing.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/sei-kaspa-and-bonk-lead-todays-top-gainers-in-the-crypto-market/"> Sei, Kaspa, and Bonk lead today’s top gainers in the crypto market </a> </p>

SEI continues to show strength as top trending crypto

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