Sei Network surges 21%, approaching key resistance at $0.30. Technical indicators signal strong bullish momentum toward the $0.50 barrier. Network growth boosts investor confidence, with TVL reaching $210 million. Sei Network’s SEI has made an impressive comeback, climbing 5.62% over the past 24 hours. Currently valued at $0.2854, this DeFi token has gained 21% within a week. Market capitalization now stands at $1.32 billion, drawing increased investor attention. As bullish momentum accelerates, analysts speculate whether SEI will push toward the $0.50 milestone. #SEIToken has broken out of the falling wedge pattern on 12H timeframe with successful retest🔍Now expect price to move towards targets at $0.290, $0.335, $0.375, $0.435 and $0.500🎯 pic.twitter.com/x9jTqL0vaG — Jonathan Carter (@JohncyCrypto) February 23, 2025 SEI’s Price Action Signals a Strong Breakout A clear double-bottom reversal pattern points to a strengthening bullish sentiment. Breaking past a long-standing resistance trendline, Sei Network showcases renewed confidence. Buying pressure has intensified, driving SEI closer to the $0.30 psychological level. A recent intraday candle reveals strong rejection from a $0.2667 low, confirming increased demand. If momentum holds steady, SEI may reach the 23.60% Fibonacci retracement level at $0.3325. A decisive breakout from this point could propel the token toward the 38.20% Fibonacci retracement near $0.40. Technical indicators reinforce an optimistic outlook. Both the MACD and signal lines remain aligned, reflecting sustained buying interest. Explosive Growth Drives SEI’s Momentum Beyond price movements, Sei Network has witnessed rapid ecosystem expansion. Total value locked (TVL) has jumped from $166 million to $210 million, signaling renewed trust from investors. Trading activity continues surging, with decentralized exchange (DEX) volume now at $18.2 million. Additionally, daily transactions have exceeded 4 million, reinforcing growing adoption.Market analysts have taken notice of SEI’s resilience amid broader volatility. Michael Van De Poppe highlights the token’s ability to defy market downturns. Meanwhile, Jonathan Carter points to a falling wedge breakout, with potential price targets ranging from $0.29 to $0.50. As momentum builds, traders remain eager to see how SEI performs in the coming days. A successful break beyond key resistance levels could set the stage for a climb toward $0.50. The market’s next moves will determine whether this rally sustains or faces new challenges.