Bitcoinsensus published a post with a forecast of a significant bull market run of the native token of Sei Network, $SEI with an estimated upshot of being $3 at present. The TradingView chart that comes with the post features bullish technical patterns (a fall wedge breakout and a macro bull flag formation) and this indicates that the upside potential remains high in the event that there is an altcoin breakout.
The chart in the post has a weekly timeline with distinct trendlines and an area of breakout. Common bullish reversal is the falling wedge pattern which implies reversal of momentum after consolidation. In the chart, there is also a macro bull flag – which is a follow-up pattern following an upward trend – which argues in favor of SEI rejoining its former growth pattern.
Sei Network is a Layer-1 blockchain optimized to execute decentralized exchange (DEX) and was launched in August 2023. It is based on Parallelized EVM with Tendermint consensus that allows supporting up to 20,000 transactions per second.
Key fundamentals include:
Large DeFi applications such as Vertex Protocol and Seaport are built on Sei, which is a good sign of increased user and developer adoption. Institutional investors like Multicoin Capital and Jump Crypto are also a valid addition to the credibility.
The optimistic outlook of the post is consistent with the altcoin cycles. After an April 2024 Bitcoin halving, analysts expect the peak of the altcoin season to be in late 2025 and mid-2026. In case Bitcoin holds in the high end zone, the liquidity generally moves to other altcoins such as Sei, which enhances the price surges.
SEI is trading at levels close to its lows in 2025, and according to CoinCodex, the short-term will see it trade between 0.193 to 0.194. This puts it at a potential discount precedence of wider market rotation. The record of 1.10 in March 2024 justifies a tested ability to gain massive profits in the bullish periods. Technical Confirmations and projections:
Although this has good technical and fundamental support, the price run could be constrained by several reasons:
