Sei Surges 41% in 24 Hours, Doubles Market Cap to $1.5 Billion
SEI Price Surge
- SEI has gained 41% in 24 hours, doubling its market cap to over $1.5 billion.
- Ranked as the 50th-largest digital asset, SEI is experiencing significant momentum due to technical breakouts and the growth of its AI ecosystem.
- Technical analysis shows bullish trends with a breakout from a falling wedge pattern and seven out of the last eight daily candles closing green.
- RSI at 73.26 indicates strong bullish momentum but suggests short-term exhaustion.
- Fibonacci extensions indicate potential upside targets at $0.34, $0.46, and $0.64.
- Support levels identified at $0.27, $0.25, and a strong floor at $0.20.
Stablecoin Pilot Program
- Sei Network was named a finalist for Wyoming's state-backed stablecoin project.
- Recent AI integrations position SEI within the growing AI economy, ranking second in active wallets on its EVM-compatible chain.
Snorter Bot ($SNORT) Presale
- Snorter Bot, a Telegram-based trading assistant, is gaining attention for merging meme coin energy with serious crypto trading tools.
- First built around the Solana ecosystem, plans include future compatibility with Ethereum and BNB Chain.
- $SNORT token presale price is $0.0961, having raised $1.2 million so far.
- Designed for speed and simplicity, the bot offers features like protected swaps and real-time transaction simulation.