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SEI price jumped more than 30% after Canary Capital submitted another amendment for its proposed Staked SEI ETF in the United States. Data showed SEI near $0.0670, while its market capitalization rose to about $462 million. Trading activity also accelerated, with 24-hour volume increasing by more than 200% across major exchanges. The filing adds a new market catalyst while technical indicators track a sharp short-term recovery.
SEI Price Prediction: $0.077 Becomes the First Upside Test
SEI price has moved away from the lower support zone that formed during the latest decline. The daily technical structure places the nearest support around $0.04, while the Fibonacci setup marks $0.04504 as another level near the recent rebound area.
Holding above this zone keeps the current recovery structure intact and gives buyers room to test higher levels. At the time of writing, SEI crypto rallied more than 33% over the past 24 hours to $0.06294.
The first major upside level sits near $0.07710, which aligns with the 23.6% Fibonacci retracement area and the first wave-four target on the chart. A move through that level would open the next technical zones at $0.11888, $0.16689 and $0.23938.
On the downside, SEI crypto breaking below the broader $0.04 support area would shift attention toward $0.03507, followed by $0.02320.
Shorter-term indicators also point to strong momentum. SEI trades above the hourly 20-period moving average at $0.0522 and the 50-period average at $0.0501.
Also, the altcoin price sits above the daily 200-period moving average at $0.0534. The daily Ichimoku Kijun stands near $0.0525, adding another technical level below the market.
Momentum readings show that the rally has pushed several indicators into stretched territory. RSI reached 81.7, while Stochastic RSI and CCI also moved into overbought ranges. MACD and ADX continued to signal strong buying momentum, so the market now combines firm trend strength with a higher risk of short-term profit-taking.
Canary Capital Revises Staked SEI ETF Filing
Canary Capital filed a second amendment to the registration statement for its proposed Staked SEI ETF. The updated filing outlines a structure that would hold spot SEI and stake about 90% of those tokens. BitGo would serve as the fund’s exclusive custodian under the proposed arrangement.
The fund also seeks a listing on the Cboe BZX Exchange. The staking structure would enable the product to earn staking rewards on most of its SEI holdings while maintaining custody with BitGo. The filing does not itself represent final approval, so the proposal still depends on the U.S. regulatory review process.
The amendment gives investors more detail on how the fund would handle custody and staking if regulators allow the product to launch. The filing focuses on a spot-backed structure rather than direct exposure through derivatives.
That setup links the proposed fund’s assets to SEI held in custody, while the staking component would place most of those holdings into the network’s staking system.
SEI Crypto Trading Range Keeps $0.0603 in Focus
Near-term technical levels place $0.0543 as an important support area and $0.0603 as the next immediate resistance zone. The projected two- to three-day trading range lies between those levels. A sustained push above $0.0603 would place the market closer to the larger $0.07710 technical target.
A pullback under $0.0543 would weaken the short-term structure and bring the moving-average cluster back into focus. The $0.0534 daily 200-period average and the $0.0525 Ichimoku Kijun form the next nearby levels.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments involve risk, and past performance does not guarantee future results. Readers should conduct their own research before making investment decisions.
