SEI surges 25% as Canarys 90% staking plan tightens supply - Can the rally hold?
Seis breakout is accelerating after weeks of failed attempts near $0.052. This suggests a shift from a consolidation phase to an upward momentum. After weeks trading below the $0.052 resistance, buyers pushed the price of the token to $0.06285. In turn, the token gained over 25% in 24 hours. Daily volume surged alongside the price to $203.44 million, a 289% spike according to CoinMarketCap data. This suggested broader market participation behind the move rather than just speculation. However, the breakout price has risen well beyond the prior trading range. Therefore, this leaves very little support for Sei [SEI] above $0.052. The RSI stood at 87.64, which also reinforced the imbalance, indicating that momentum has reached extreme levels. Source: TradingView Ultimately, even though the overall trend of Seis breakout remains bullish, buyers may find it difficult to sustain their recent gains. A hold at $0.052 will continue to validate the construction of the trendline, but another drop could put pressure on demand to absorb selling pressure. Canarys ETF targets SEI staking SEI‘s sharp breakout is now being reinforced by a proposed ETF structure that could change how new demand affects supply. Canary Capital’s amended S-1 proposes staking roughly 90% of the ETFs SEI holdings. This could lead to the









