Why Is SEI Price Up 16% Today?

Why Is SEI Price Up 16% Today?
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While the broader crypto market remains relatively calm on June 20, Sei

BTC
$105 948

24h volatility:
1.0%

Market cap:
$2.11 T

Vol. 24h:
$22.13 B

is making waves with a strong bullish move. According to CoinMarketCap, the cryptocurrency has surged over 16% in the past 24 hours and is currently trading around $0.2136.
The rally appears to have been triggered by SEI breaking out of a six-month-long descending broadening wedge pattern. SEI recently recovered from its monthly low of $0.1596 on June 17, marking a 35% jump in just three days.
The surge has resulted in a 13% daily uptick in SEI’s market capitalization to around $1.18 billion. Trading volume has doubled in the past day, now standing at $268 million, indica

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