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SEI Breaks Out as Price Surges 13% on Wyoming Stablecoin News
- SEI's price surged 13% on news of Wyoming selecting Sei Network for its WYST stablecoin trial.
- Wyoming's Stable Token Commission chose Sei for its regulatory alignment and scalability.
- SEI broke out of a descending wedge pattern, signaling a potential 40%+ upside move.
- Open interest and trading volume for SEI surged, with bullish long/short ratios on Binance and OKX.
- Momentum indicators like RSI and MACD support further upside potential for SEI.
- Sei's network is experiencing growth, with daily active addresses up 78% quarter-over-quarter.
- Sei's 'Sei Giga' initiative for AI-agent payments is positioning the network at the forefront of blockchain-AI integration.
- Despite market volatility, Sei maintains $1.03 billion in total value locked.
- SEI is seen as poised for further gains if it holds above $0.19 and targets $0.30 resistance.
- Trader Michaël van de Poppe notes a trend reversal for SEI with potential for a move toward $0.30.
- The price spike on June 19 boosted investor confidence in SEI's institutional relevance.
- The stablecoin pilot is set to launch in July 2025 using LayerZero's cross-chain infrastructure.
- Short liquidations added fuel to SEI's breakout rally, with strong investor interest.
- SEI shows promising signs with strong technical breakout, regulatory support, and growing user activity.
- The article is posted on Coindoo, focusing on the surge in SEI's price due to Wyoming stablecoin news.
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