1’m bullish on $SEI network as latest data of transactions is GROWING! As well let’s ask @CoinMarketCap community #CMC VIP# launched in Dubai 🇦🇪 by @CaptainRush tool #CMCAI more info Deep Dive
1. Project-Specific Catalysts
• Giga Upgrade: The July 2025 upgrade aims to boost EVM throughput by 50x via parallel processing, targeting 200K TPS and sub-400ms finality (Sei Labs). This could attract Ethereum developers seeking scalability.
• ETF Momentum: Canary Capital’s U.S. staked-SEI ETF filing (April 2025) awaits SEC review. Approval could mirror Bitcoin ETF inflows, but delays might dampen sentiment.
• Wyoming Partnership: SEI is shortlisted for Wyoming’s WYST stablecoin pilot, with deployment expected by July 17 (CoinDesk). Regulatory endorsement could enhance institutional credibility.
2. Technical Outlook
• Bullish Signals: Price ($0.364) trades above key SMAs (30-day: $0.27, 200-day: $0.25) and broke resistance at $0.30. MACD histogram (+0.0069) and RSI (72.2) suggest momentum but warn of overbought conditions.
• Key Levels: Immediate resistance at $0.389 (swing high); a close above $0.40 could target $0.45–$0.53 (Fibonacci extensions). Support lies at $0.30–$0.27.
3. Market & Competitive Landscape
• Altcoin Rotation: SEI rose 41% in July 2025 as CryptoQuant’s altcoin season index hit 39/100, its highest since June 2024 (CoinDesk).
• TVL Growth: SEI’s Total Value Locked hit $682M (+31% MoM), driven by DeFi protocols like Dragonswap. However, rivals like SUI (+36%) and Solana compete for developer mindshare.


Conclusion
SEI’s trajectory hinges on the Giga upgrade’s adoption, ETF approvals, and Bitcoin’s stability. While bullish momentum is clear, overextension risks a pullback. Could Wyoming’s WYST launch on July 17 catalyze SEI’s next leg toward $0.50?

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July 17, 2025 at 12:22 PM
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