SEI Eyes $0.38 Breakout, Could $0.70 Be Next?

Key Insights:

• SEI rallies above $0.30 with strong trading volume after SEC acknowledges ETF filing proposal.
• Analysts mark $0.38 as crucial resistance; breaking it could open a pathway toward the $0.70 target.
• RSI shows overbought signals, but bullish momentum and volume sustain investor focus on SEI price.

The U.S. Securities and Exchange Commission (SEC) has acknowledged a filing from Cboe BZX Exchange to list and trade shares of the Canary Spot Staked SEI ETF. The filing, made on August 26, 2025, was published on September 8, 2025, under Rule 14.11(e)(4), which covers commodity-based trust shares. The publication allows the public to review and submit comments. 

News of the filing was followed by sharp activity in SEI’s market performance. The token traded around $0.3120, recording a gain of nearly 5 percent in 24 hours. Trading volume increased to over $41.7 million, a move that suggests heavier participation from both retail and institutional traders.

Resistance Levels Ahead

Price data shows SEI has moved above the $0.30 resistance area, a level that has limited progress in past sessions. The next major barrier sits near $0.38, which aligns with the 0.5 Fibonacci retracement and the top boundary of a descending channel.

Market analyst Ali noted,

 “$0.38 is a key barrier for $SEI. Break it and $0.70 comes next.”

 A sustained move above this point would open the way toward $0.49–0.50 as the next stage, with further upside possible toward $0.70–0.75, near the 0.236 Fibonacci retracement.

Market Momentum and Indicators

Recent trading activity has been backed by higher volume and momentum signals. Automated analysis from gemxbt reported that SEI’s rise above $0.30 has been confirmed by volume growth, while the MACD remains in a bullish position. At the same time, the relative strength index (RSI) is nearing overbought conditions, suggesting the possibility of consolidation or a minor pullback before another attempt higher.

This blend of rising volume and mixed momentum indicators points to an active market phase. SEI has become one of the most frequently discussed tokens in the past hour, reflecting broader engagement from traders and investors following the ETF news.

Short-Term and Medium-Term Outlook

SEI recently tested the $0.32–0.33 range following the announcement. A continued push could see the token reattempt the $0.38 barrier in the near term. If rejected, support lies around $0.27–0.26, with deeper levels at $0.21 and $0.13.

For now, the key level remains $0.38. Market observers are watching whether SEI can break and hold above it, which would set the stage for higher price levels, including the $0.70 target mentioned by analysts.