The cryptocurrency market is showing signs of renewed momentum, with SEI, the native token of the Sei Network, flipping a crucial resistance level and reversing upward. This development has caught the attention of traders, as highlighted by prominent crypto analyst Michaël van de Poppe in a recent social media post on May 9, 2025, at approximately 10:30 AM UTC. According to his analysis, SEI is poised for a potential rally toward the $0.30 price level, signaling the start of a new bull trend for the asset. As of 11:00 AM UTC on May 9, 2025, SEI was trading at $0.275 on major exchanges like Binance, marking a 7.2% increase within the past 24 hours, as per data from CoinGecko. Trading volume for SEI surged by 35% during the same period, reaching $85 million across key pairs like SEI/USDT and SEI/BTC. This price action aligns with broader market optimism, as Bitcoin (BTC) also recorded a 3.5% gain, trading at $62,500 as of 12:00 PM UTC on May 9, 2025. The correlation between SEI’s breakout and Bitcoin’s steady climb suggests a risk-on sentiment returning to the crypto space, potentially fueled by macroeconomic developments in the stock market. Notably, the S&P 500 index rose by 1.2% on May 8, 2025, closing at 5,200 points, reflecting investor confidence that could be spilling over into digital assets.

From a trading perspective, SEI’s breakout above the $0.25 resistance level, which held firm for over two weeks prior to May 9, 2025, presents significant opportunities for both short-term and long-term traders. The move to $0.275 by 11:00 AM UTC on May 9 indicates strong buying pressure, with on-chain data from SeiScan showing a 12% increase in active wallet addresses over the past 48 hours as of 1:00 PM UTC. This suggests growing retail and institutional interest in the Sei Network, known for its high-speed blockchain designed for DeFi applications. For traders eyeing the $0.30 target projected by Michaël van de Poppe, entry points around $0.27 with stop-losses below $0.25 could offer a favorable risk-to-reward ratio. Meanwhile, cross-market analysis reveals a notable correlation between SEI’s price action and stock market movements, particularly in tech-heavy indices like the NASDAQ, which gained 1.5% to close at 16,400 points on May 8, 2025. This parallel rise indicates that institutional money flow, often rotating between equities and cryptocurrencies during risk-on periods, may be driving SEI’s momentum. Crypto-related stocks like Coinbase (COIN) also saw a 2.8% uptick to $215 per share by the close of trading on May 8, 2025, further underscoring the interconnectedness of these markets.

Diving into technical indicators, SEI’s Relative Strength Index (RSI) on the 4-hour chart stood at 68 as of 2:00 PM UTC on May 9, 2025, signaling that the asset is approaching overbought territory but still has room for upward movement before hitting the critical 70 threshold. The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover at 9:00 AM UTC on the same day, with the MACD line crossing above the signal line, confirming the strength of the current uptrend. Trading volume for SEI/USDT on Binance spiked to $50 million in the 24 hours leading up to 3:00 PM UTC on May 9, 2025, a clear sign of heightened market participation. On-chain metrics further support this bullish outlook, with Sei Network’s total value locked (TVL) increasing by 8% to $120 million as of 4:00 PM UTC, according to data from DeFiLlama. Looking at stock-crypto correlations, the positive movement in the S&P 500 and NASDAQ on May 8, 2025, appears to bolster risk appetite in crypto markets, with Bitcoin’s trading volume rising by 18% to $30 billion in the same 24-hour period ending at 3:00 PM UTC on May 9. Institutional investors, often using crypto ETFs as a proxy for exposure, may also be contributing to this trend, as evidenced by a 5% increase in Grayscale Bitcoin Trust (GBTC) inflows reported on May 8, 2025. For traders, monitoring stock market indices alongside SEI’s price action could provide critical insights into potential reversals or continued bullish momentum.

In summary, SEI’s breakout above key resistance, combined with favorable technical indicators and rising on-chain activity, positions it as a promising asset for traders in the current market cycle. The interplay between stock market gains and crypto sentiment, particularly as seen in the S&P 500 and NASDAQ movements on May 8, 2025, highlights the importance of a cross-market approach to trading strategies. With institutional money flows showing signs of rotation into digital assets, SEI could sustain its rally toward $0.30 if broader market conditions remain supportive. Traders should remain vigilant for potential pullbacks, using volume data and stock market correlations as leading indicators for risk management.

FAQ:
What triggered SEI’s recent price surge?
SEI’s price surged by 7.2% to $0.275 as of 11:00 AM UTC on May 9, 2025, following a breakout above the $0.25 resistance level, accompanied by a 35% increase in trading volume to $85 million across major pairs, as noted by analyst Michaël van de Poppe.

How does the stock market impact SEI’s price action?
The stock market, particularly the S&P 500’s 1.2% gain to 5,200 points and NASDAQ’s 1.5% rise to 16,400 points on May 8, 2025, reflects a risk-on sentiment that appears to drive institutional money into cryptocurrencies like SEI, boosting its momentum.

What are the key levels to watch for SEI?
Traders should monitor the $0.27 support level for potential entries and the $0.30 target for profit-taking, while setting stop-losses below $0.25 to manage downside risk, based on price action observed on May 9, 2025.