- The SEI rose 10% to $0.062, supported by a $78K Bitcoin retest and positive risk sentiment.
- TVL rise, stablecoin growth, and Giga upgrade are bullish metrics.
- A breakout from the long downtrend could allow for a retest of $0.10.
The SEI token rose to the pivotal level of $0.062, with gains in the past 24 hours reaching double digits amid general optimism among traders and analysts.
with Bitcoin exceeds $78,000 As risk appetite rises, the probability of a reversal may accelerate before the mainnet is upgraded.
Sei price hits $0.062 with record gains for Bitcoin and cryptocurrencies
The SEI token rose to $0.062 on April 22, 2026, registering a sharp increase of 10.5% over the past 24 hours amid a widespread rally in cryptocurrencies. Bitcoin led the trend, retesting $78,000 after consolidating near key support levels, while Ethereum and other major coins recorded similar advances.
The new rise stems from improved global risk sentiment, as investors monitor the ceasefire with Iran and its potential effects on the global economy.
Easing geopolitical tensions appears to have boosted stocks around the world, with the S&P 500 and digital assets following suit.
In fact, the crypto markets’ reversal of positivity pushed total capitalization 3% to $2.63 trillion.
The Cryptocurrency Fear and Greed Index hovers around 63, indicating general greed.
For SEI, the rise underscores sensitivity to risk sentiment and network fundamentals.
Why are analysts bullish on SEI?
SEI bulls are largely bullish due to strong on-chain metrics and the network’s strategic developments.
Network activity has shown steady gains, fueling the recent token price rebound. The total value locked (TVL) in DeFi now stands at over $146 million with new capital inflows to on-chain DeFi protocols.
The stablecoin has a market capitalization of approximately $181 million, reflecting a 2% daily rise and strong liquidity. Meanwhile, the USD’s dominance at 59.43% indicates efficient and focused capital deployment, reducing volatility risks.
A notable catalyst, as Token Affairs recently pointed out, could come from Sei’s impending sunsetting of her Cosmos tier before the Giga upgrade.
This is after Sei Labs released system version 6.4, and began the migration to compatibility with the Ethereum Virtual Machine (EVM).
Developers are looking to finally separate the network from Cosmos dependencies, and simplify the architecture for broader interoperability.
The next major milestone, the Giga upgrade promises transformative scalability by raising throughput, lowering block times, and accelerating back end.
These improvements will enable high-frequency applications such as decentralized exchanges, gaming platforms, and consumer dapps, potentially driving massive demand for SEI tokens through increased usage and rewards accrued.
C price analysis
The SEI chart reveals a break above $0.060 for the first time since late March. Although the downtrend continues, trading to the highs at $0.062 could support bulls.
The token’s rebound from the lows of $0.055 also means that the bulls need to clear the initial resistance around $0.063-$0.065 to confirm the shifting momentum.
From a technical standpoint, the gains pushed the symbol above the 20-day and 50-day Exponential Moving Averages (EMAs), confirming short-term buyer control.
Volume spikes during the rally indicate conviction, with the RSI rising from oversold territory to 60 and the MACD turning bullish.
If the bullish momentum continues, buyers will be looking for resistance at $0.078 and year-to-date highs above $0.107 next.
However, a drop below $0.055 could invalidate the bullish setup and allow the bears to target $0.049.
