- SEI gained 10% to $0.062, fueled by Bitcoin’s $78k retest and positive risk sentiment.
- Rising TVL, stablecoin growth, and Giga upgrade are bullish metrics.
- A breakout from the long downtrend could allow for a retest of $0.10.
The SEI token has surged to the pivotal $0.062 level, with gains in the past 24 hours hitting double digits amid overall optimism among traders and analysts.
With Bitcoin topping $78,000 and risk appetite up, the potential for a reversal could accelerate ahead of a key network upgrade.
Sei price touches $0.062 as Bitcoin, crypto record gains
SEI token climbed to $0.062 on April 22, 2026, marking a sharp 10.5% gain over the past 24 hours amid a widespread crypto rally. Bitcoin led the charge, retesting $78,000 after consolidating near key support levels, while Ethereum and other majors posted similar advances.
The fresh uptick stems from improved global risk sentiment, as investors monitored the Iran ceasefire and its potential implications for the global economy.
Eased geopolitical tensions look to have boosted equities worldwide, with the S&P 500 and digital assets following suit.
In fact, the crypto markets’ mirroring of the positivity has pushed the total capitalization up 3% to $2.63 trillion.
The crypto fear & greed index hovers around 63, signalling overall greed.
For SEI, the uptick underscores both sensitivity to risk-on sentiment and network fundamentals.
Why are analysts bullish on SEI?
SEI bulls are largely upbeat due to robust on-chain metrics and strategic network developments.
Network activity has shown steady gains, bolstering the token’s recent price recovery. Total Value Locked (TVL) in DeFi now stands at over $146 million as fresh capital flows into DeFi protocols on the chain.
Stablecoin market cap hovers near $181 million, reflecting a 2% daily rise and solid liquidity. Meanwhile, USDY dominance at 59.43% points to efficient, concentrated capital deployment, reducing volatility risks.
A standout catalyst could emerge, as Token Relations noted recently, via Sei’s impending sunset of its Cosmos layer ahead of the Giga upgrade.
This is after Sei Labs rolled out system version 6.4, initiating a migration to Ethereum Virtual Machine (EVM) compatibility.
Developers eye the eventual decoupling of the network from Cosmos dependencies, streamlining architecture for broader interoperability.
The Giga upgrade, the next major milestone, promises transformative scalability by elevating throughput, slashing block times, and accelerating finality.
These improvements will empower high-frequency apps like decentralized exchanges, gaming platforms, and consumer dApps, potentially driving explosive demand for SEI tokens through increased usage and staking rewards.
Sei price analysis
SEI’s chart reveals a breakout to above $0.060 for the first time since late March. Although the downtrend remains, trading to highs of $0.062 could buoy bulls.
The token’s rebound from lows of $0.055 also means bulls need to clear primary resistance around $0.063-$0.065 to confirm shifting momentum.
From a technical view, gains have pushed the token above the 20-day and 50-day Exponential Moving Averages (EMAs), affirming short-term buyer control.
Volume spikes during the rally suggest conviction, with RSI climbing out of oversold territory to 60 and MACD flipping bullish.
If upside momentum holds, buyers will eye $0.078 resistance and year-to-date highs above $0.107 next.
However, a drop below $0.055 could invalidate the bullish setup and allow bears to target $0.049.
The post SEI price surges to $0.062: can bulls sustain upward momentum? appeared first on CoinJournal.
Source: https://coinjournal.net/news/sei-price-surges-to-0-062-can-bulls-sustain-upward-momentum/
