Stablecoin

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Pilot

<p>Trader Michaël van de Poppe <strong><a href="https://x.com/CryptoMichNL/status/1936026437699653634" rel="noopener noreferrer nofollow">highlighted</a></strong> a trend reversal underway, with SEI holding strong above $0.19 and eyeing a move toward $0.30.</p>
<p><img loading="lazy" src="https://coindoo.com/wp-content/uploads/2025/06/Gt4lyCKWAAAP00L.png" alt="" width="1199" height="657"></p>
<h2 id="wyoming-picks-sei-for-state-stablecoin-pilot">Wyoming Picks Sei for State Stablecoin Pilot</h2>
<p>The primary catalyst came from Wyoming’s Stable Token Commission selecting Sei Network as a finalist for its WYST stablecoin trial. Scheduled to launch in July 2025, the pilot will use LayerZero’s cross-chain infrastructure. Sei’s selection reinforces its regulatory alignment and scalability—qualities that reportedly edged out Ethereum and Solana during the state’s testing phase.</p>
<p>The announcement coincided with a 6% price spike on June 19, further boosting investor confidence in SEI’s long-term institutional relevance.</p>
<p><img loading="lazy" src="https://coindoo.com/wp-content/uploads/2025/06/SEI_1D_graph_coinmarketcap.jpeg" alt="" width="1200" height="800"></p>
<h2 id="technical-breakout-triggers-bullish-flows">Technical Breakout Triggers Bullish Flows</h2>
<p>SEI broke out of a descending wedge—a pattern that historically precedes 40%+ upside moves. Open interest surged 21.9% to $131.96 million, while trading volume spiked 90.9% to $343.52 million. Short liquidations totaled $284,000, adding fuel to the breakout rally. Binance and OKX data revealed long/short ratios tilted firmly in favor of bulls.</p>
<p>Momentum indicators support further upside. The RSI sits at 58.13 with no overbought signals, while the MACD histogram continues to rise.</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5> <a href="https://coindoo.com/bitcoin-what-happened-with-the-price-in-2024-when-israel-and-iran-exchanged-fire/" rel="noopener noreferrer nofollow">
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<h2 id="a-rel-noopener-noreferrer-nofollow-on-chain-a-growth-adds-fuel"><a rel="noopener noreferrer nofollow">On-Chain</a> Growth Adds Fuel</h2>
<p>Beyond technicals and partnerships, Sei’s network is expanding rapidly. Daily active addresses hit 616,000, a 78% rise quarter-over-quarter, with 1.51 million daily transactions. The chain’s “Sei Giga” initiative, designed for AI-agent payments, positions SEI at the forefront of blockchain-AI integration.</p>
<p>Despite broader market volatility, Sei maintains $1.03 billion in total value locked, showcasing ecosystem resilience.</p>
<p>With regulatory tailwinds, a validated technical breakout, and rising user activity, SEI appears poised for further gains—especially if it holds above $0.19 and targets $0.30 resistance next.</p>
<p>The post <a href="https://coindoo.com/sei-breaks-out-as-price-surges-13-on-wyoming-stablecoin-news/" rel="noopener noreferrer nofollow">SEI Breaks Out as Price Surges 13% on Wyoming Stablecoin News</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

SEI Breaks Out as Price Surges 13% on Wyoming Stablecoin News

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