According to chart analyst Crypto Patel, the recent price action on SEI may be setting the stage for something big. In a detailed chart, Patel outlines a strong case for why SEI could be gearing up for a dramatic move to the upside, potentially as high as $2.01, which would mark a 1,174% rally from the current price levels.
Looking at the chart, SEI has spent months consolidating in what Crypto Patel marks as an “accumulation zone.” This range sits between about $0.13 and $0.20, and the price has touched this level multiple times since early 2024. Each time, it has bounced back, suggesting that buyers are stepping in to defend this zone.
The most recent bounce from the lower boundary of this zone happened in April 2025. The price has since recovered over 34%, from around $0.15 to just above $0.20. Patel highlights this area as a strong base for a possible trend reversal, calling it a healthy consolidation phase before a breakout.
Downtrend Broken and Momentum Shifting
The chart also shows a clear downward trendline that SEI has now broken above. That line had kept the price suppressed since late 2024, but recent candles have finally pushed through. This breakout, combined with growing volume and improved sentiment, suggests the bears may be losing control.
Patel points out that a similar pattern occurred earlier in the chart, followed by a strong rally. He believes history could repeat itself. His purple forecast line on the right side of the chart projects a stair-stepping rally that could take SEI price gradually through resistance levels at $0.28, $0.40, $0.70, and $1.04, and possibly beyond.
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$2 Long-Term Target: Can It Happen?
In his tweet, Crypto Patel shared another reason for optimism. He mentioned that Wyoming has chosen Sei Network for a new stablecoin pilot project. This project, called WYST, is set to launch in July and will be backed 1:1 by the U.S. dollar. For SEI, that’s major news. It signals growing institutional and government-level interest in the chain, something that could help drive long-term adoption and utility.
Patel believes this kind of adoption lays the groundwork for SEI to climb to $2 or more. He’s not calling for that price immediately, but he is confident that the chart, fundamentals, and real-world partnerships all support that target.
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