Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Sei Soars 22% as Native USDC Boosts Breakout Momentum

Sei Soars 22% as Native USDC Boosts Breakout Momentum

CryptopotatoCryptopotato2025/07/10 16:00
By:Author: Olivia Stephanie

Sei integrates native USDC and CCTP V2, triggering a 22% price jump as technical breakout fuels bullish sentiment.

TL;DR

  • Sei breaks $0.2574 resistance as USDC integration boosts investor interest and trading activity.
  • RSI nears overbought at 67.73, signaling strong momentum but potential for short-term cooling.
  • SEI eyes $0.60 target after clearing descending trendline and confirming bullish continuation pattern.

Sei Integrates Native USDC and CCTP V2

Sei Network has announced the integration of native USDC and Circle’s Cross-Chain Transfer Protocol V2 (CCTP), a move aimed at improving cross-chain liquidity and transfer speeds. This development brings the regulated, fully-reserved stablecoin USDC to Sei’s Layer 1 blockchain, which is designed for high throughput and low-cost transactions.

Circle stated that the launch enables seamless and low-friction transfers of USDC across supported blockchains. The company said in its announcement ,

“This marks a step forward in enabling trusted digital dollars for DeFi, payments, and gaming.”

The new setup also provides institutional on/off-ramps via Circle Mint, which may attract more enterprise-grade users to the Sei ecosystem.

SEI Price Breaks Key Resistance Level

The price of SEI surged to $0.32, representing a 21% increase over the last 24 hours and 25% over the past 7 days. According to Coingecko data, the 24-hour trading volume exceeded $590 million, while the market cap rose to $1.81 billion.

Notably, technical analysis shows SEI has broken above a key horizontal level near $0.2574. This level has acted as strong resistance since February 2025 and is now being retested as support. Analyst Robert Mercer noted the structure shift in a recent post: 

“Resistance of $25 was finally broken upwards… clear setup. Must buy.”

Trendline Break and Momentum Indicators

SEI also breached a descending trendline that had capped the price since early 2025. The breakout from this multi-month pattern signals a shift from bearish to bullish momentum. Following the breakout, price action has moved higher and is forming a parabolic path toward higher resistance zones.

If upward momentum continues, the next resistance levels are projected at $0.3313, $0.3968, $0.4866, and $0.5998. These levels are based on the historical price structure.

Meanwhile, the RSI indicator is currently at 67.73, close to the overbought threshold of 70. This reading indicates strong momentum, although it may warrant monitoring for short-term exhaustion. 

The Chaikin Money Flow (CMF) is positive at 0.09, confirming net capital inflow into the asset and supporting the upward move. Traders are closely watching for sustained bullish volume to confirm the trend.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Fear is the biggest short! Morgan Stanley calls for bottom-fishing in semiconductors: land and electricity shortages are not a problem, approved projects can't meet demand

Morgan Stanley believes that the recent sell-off in the semiconductor sector has been excessive, and that market panic rather than fundamentals is the biggest risk. Driven by demand for AI infrastructure, downstream orders continue to accelerate, with semiconductor supply remaining the core bottleneck. LPS constraints actually make growth more stable. The sector may fluctuate within a range in the short term and is currently near the bottom; prospects for the computing power and storage subsectors are favorable.

华尔街见闻•2026/11/11 05:57
Fear is the biggest short! Morgan Stanley calls for bottom-fishing in semiconductors: land and electricity shortages are not a problem, approved projects can't meet demand

Hashrate orders are booming, why is "AI trading" falling out of favor? JPMorgan reveals the time lag between AI investment and productivity realization

Joseph Lupton from the JP Morgan Global Economic Research Team pointed out in a research report on November 10 that recent improvements in labor productivity have been driven more by capital deepening and increased intensity of factor utilization. The broad efficiency gains from AI, resulting from process reconstruction, data integration, and organizational adjustments, will still take time to materialize. This means orders for chips, servers, and electrical equipment may grow first, but continuous investment returns for computing power operators and end users may not arrive at the same pace.

智通财经•2026/11/11 05:47

AI investment enters the "Trough of Disillusionment", the next 18 months will be a life-or-death test!

Goldman Sachs believes that the AI investment cycle is currently in the "trough of disillusionment," but this is not the first time. The core contradiction lies in the fact that the business models of new cloud computing providers are highly dependent on end-user returns from AI spending, while currently "there are basically zero companies that can attribute profits to AI." Social Capital founder Palihapitiya has clearly defined an 18-month key window, during which the market will decide which AI business models are sustainable and which are not.

华尔街见闻•2026/11/11 05:11
AI investment enters the "Trough of Disillusionment", the next 18 months will be a life-or-death test!