Date: Wed, Sept 25, 2024, 04:45 PM GMTThe cryptocurrency market has turned bullish recently, thanks to the Federal Reserve&#39;s rate cut and high hopes for a strong Q4. Among the top-performing tokens, <a href="https://coinsprobe.com/top-layer-1-tokens-sui-and-apt-gains-bullish-momentum-more-gains-ahead/" rel="noopener noreferrer nofollow">Layer-1 tokens</a> like Sei (SEI), Sui (SUI), and Fantom (FTM) have seen significant gains, with Sei (SEI) stealing the spotlight.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/22506bbb229d4dd79a77850420b5ff55.png" />Source: CoinmarketcapSei, a highly scalable Layer-1 blockchain designed for decentralized applications (dApps), has surged by an impressive 24.95% today alone and boasts a staggering 64% increase over the past 7 days. The rally kicked off after <a href="https://coinsprobe.com/top-layer1-tokens-sui-sei-and-ftm-gains-momentum-key-levels-to-watch/" rel="noopener noreferrer nofollow">SEI broke out</a> of its downtrend, crossing the critical $0.3097 resistance on Sept 19.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8867fe3e0ef4491c9fe2ab4550c3dd0d.png" />As of now, SEI is trading at $0.4561, moving within a range of $0.4552 to $0.4764. Should SEI surpass $0.4764, it could target the next major resistance at $0.5485, representing a potential 20% gain from current levels. The key support level to watch is $0.4552, where SEI’s breakout occurred, serving as a strong floor in case of retracements.The ongoing rally is backed by rising trading volumes and the increasing adoption of Layer-1 ecosystems, which further fuels market optimism.With market conditions looking bullish for Q4, SEI might continue its upward trend. However, investors should keep an eye on critical price levels and broader market conditions to gauge its future trajectory.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/altcoins-on-the-verge-of-monster-breakout-analyst-picks-near-fet-and-tao-in-ai-tokens/" rel="noopener noreferrer nofollow">Altcoins on the Verge of Monster Breakout: Analyst Picks NEAR, FET and TAO In AI Tokens</a>

Sei Breaks Out with 60% Weekly Gains: Is More Growth on the Horizon?

CoinsProbe

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