SEI has emerged as one of the market’s top gainers despite broader crypto weakness, trading at $0.07879 with a daily gain of more than 6% and a weekly advance of about 40%. Trading volume has climbed more than 100% as traders position around two major catalysts: Canary Capital’s amended S-1 filing for a potential Staked SEI ETF and the upcoming Sei Giga upgrade, which aims to increase network throughput for trading and AI-agent activity. Derivatives activity is adding fuel, with open interest up 21.4% to $20.6 million and funding rates remaining positive, signaling leveraged bets on further upside.
The Layer-1 rotation has also supported SEI, which reportedly rose 18.5% in one move alongside gains in peers such as Sui and XDC. Sei Network additionally announced a collaboration with Dinari to bring more than 700 tokenized stocks to its blockchain. Dinari’s dShares will be tradable through self-custody wallets using USDC, expanding Sei’s use case into tokenized equity markets.
From a technical perspective, SEI climbed from roughly $0.047 on September 20 to a high near $0.085 on September 28, an increase of about 81%. The immediate resistance sits between $0.083 and $0.085. A clean break above $0.085 could open the door to $0.090, while holding support at $0.078–$0.079 is key for bullish continuation. Losing that zone would expose $0.075, followed by $0.072 and potentially $0.068. The RSI has cooled to 58.09 after leaving overbought territory, indicating that fresh buying volume may be needed to extend the rally.
Meanwhile, SUI is trading near $1.17, down almost 7% in the last 24 hours but still up more than 18% over the past week and over 60% over the past month. Analysts say SUI needs a weekly close above $1.42 to invalidate its bearish structure and confirm bullish momentum. According to market commentary, SUI has broken out of a multi-month descending structure and reclaimed a key trendline. A close above $1.42 would activate upside targets at $2.65 and $5.36, with longer-term ATH targets between $10 and $20. The broader market remains in a short correction phase, with BTC unable to break above $88,000 and ETH failing to hold above $2,800 after strong rallies.
