Analyst Crypto Patel has presented a price forecast for SEI, stating that the asset could reach $2 based on chart data and recent developments.
SEI Consolidation: Accumulation Zone
Crypto Patel noted the prolonged period of SEI price consolidation within a range of $0.13 to $0.20, lasting since early 2024. During this time, the price has repeatedly bounced off the boundaries of this range, indicating buyer interest. The latest bounce occurred in April 2025, when the price increased by over 34%.
Break of Downtrend
The chart shows that SEI has broken above a downward trend line that had suppressed the price since late 2024. This breakout, combined with increasing trading volume and improving market sentiment, may indicate that bears are losing their grip.
Long-Term Targets for SEI
Crypto Patel also highlighted that Wyoming has chosen Sei Network for a pilot project of a new stablecoin, which may lead to increased long-term interest in SEI. He suggests this could pave the way for SEI price to climb to $2 or higher in the future.
Crypto Patel's analysis emphasizes that SEI may be on the verge of significant growth based on technical indicators and news, making it an asset worth watching.
