According to @CryptoMichNL, SEI has rebounded from a crucial support level, increasing the probability of a strong weekly close that could keep momentum intact for bulls, source: https://twitter.com/CryptoMichNL/status/1961009866111340786. He also highlights $0.60 as a potential upside level from here, signaling a nearby target traders may track for continuation, source: https://twitter.com/CryptoMichNL/status/1961009866111340786.

According to @lookonchain, the SEI token has surged over 50% in one week, driven by what analysts call a "multifactor rally." The key drivers identified include SEI's selection by Wyoming for its stablecoin pilot program, which provides institutional credibility, an upcoming v2 airdrop snapshot, and a 9% increase in staking APY from core validators. On-chain analysis supports the rally's strength, showing over $3 million in spot-led inflows to centralized exchanges and a Total Value Locked (TVL) on the network surpassing $540 million. For traders, a critical indicator to watch is the funding rate; if it climbs above +0.05%, it could signal that excessive leverage is entering the market, potentially making bullish positions overextended.