SEI cryptocurrency has gained attention after a major purchase by World Liberty Financial (WLFI), a blockchain project backed by Donald Trump. WLFI bought 541,242 SEI tokens at an average price of $0.185 each. The total purchase cost $100,000 USDC. This move came as SEI was testing key support levels.
SEI Price Movement
Before the purchase, SEI had dropped to its lowest level since November 2023, touching $0.18. After the acquisition, SEI’s price jumped by 7.3%, nearing the $0.20 mark. Trading volume surged by 17%, reaching over $127 million. This suggests renewed investor interest in the token at a time when many cryptocurrencies were struggling.
WLFI now holds 1.089 million SEI tokens. The project has spent $225,000 on these acquisitions. At current market prices, the total SEI holdings are valued at around $207,000.
Key SEI Price Levels
Level | Type |
$0.2035 | Immediate Resistance |
$0.22 | Next Resistance |
$0.25 | Major Resistance |
$0.175 | Nearby Support |
$0.15 | Bearish Breakdown Level |
Technical charts show that SEI may be preparing for a breakout. Analysts see a possible Elliott Wave pattern forming. The recent low of $0.18 might mark the end of a corrective phase. If confirmed, SEI could be ready for an upward trend.
The Relative Strength Index (RSI) shows oversold conditions, a sign that selling pressure might be easing. Traders are watching for bullish signals to confirm a reversal.
WLFI’s Investment Strategy
WLFI has been actively investing in cryptocurrencies. Since late February, it has spent $21.6 million on various digital assets despite the market downturn.
Asset | Investment |
$10 million | |
Wrapped Bitcoin (WBTC) | $10 million |
SEI | $225,000 |
WLFI launched the Macro Strategy Reserve in February. This initiative spreads investments across multiple cryptocurrencies to reduce risk and improve long-term stability. The project aims to maintain growth while protecting against market volatility.
Strategic Partnerships
WLFI has also formed a partnership with the Sui blockchain. This collaboration focuses on development opportunities and building a SUI token reserve. Evang Cheng, a co-founder of Sui, believes this partnership could reshape global asset management.
SEI’s Short-Term Outlook
On shorter timeframes, SEI’s chart suggests an early-stage recovery. The hourly chart shows the possible beginning of a five-wave upward pattern. If confirmed, wave (iii) could target $0.22.
A breakout above SEI’s descending trendline would confirm a shift in momentum. Clearing the $0.20-$0.22 zone could push SEI toward $0.24-$0.26 in the near term. Fibonacci analysis indicates that $0.32 will be a major resistance level.
Trump’s Crypto Holdings
WLFI’s portfolio includes nine cryptocurrencies, currently valued at around $340 million. However, due to market conditions, these holdings show an estimated paper loss of $124 million.
Despite the downturn, WLFI continues to expand its investments. SEI’s recent price movement suggests potential for recovery. Investors are watching closely to see if the token can sustain its gains.
Disclaimer
FAQ
Cryptocurrency is a digital form of currency secured by cryptography, not controlled by governments or banks.
Cryptocurrency wallets are digital tools for storing and managing your crypto assets.
Best practices for crypto investment include research, diversification, investing what you can afford to lose, and avoiding hype-driven investments.
