SEI experienced a strong bullish reversal, with indicators showing positive technicals and potential for further upside targets.
Circle's integration of native USDC on SEI has boosted cross-chain liquidity and credibility for the network.
SEI is under review for the Wyoming stablecoin program, with a decision expected by July 17, which could enhance its regulatory credibility and investor interest.
Institutional support for SEI is growing, indicated by increased open interest, rising DeFi metrics, and endorsements from big players like Circle, pointing towards potential long-term success.