The cryptocurrency market has been showing signs of resilience, with SEI, the native token of the Sei Network, catching the attention of traders due to its recent price action. On May 20, 2025, prominent crypto analyst Michaël van de Poppe shared an optimistic outlook on SEI via Twitter, stating that the token is holding a crucial order block (OB) and could be poised for a new upward leg targeting $0.30. This analysis comes at a time when SEI has been consolidating after a volatile period, with its price hovering around key support levels. As of 10:00 AM UTC on May 20, 2025, SEI was trading at approximately $0.24 on major exchanges like Binance and Coinbase, reflecting a modest 2.3% increase over the previous 24 hours, according to data from CoinMarketCap. Trading volume for SEI spiked by 18% during this period, reaching $45 million across spot markets, signaling growing interest among retail and institutional traders. This price stability and volume surge align with broader market trends, as Bitcoin (BTC) also maintained a steady position above $60,000, fostering a risk-on sentiment that often benefits altcoins like SEI. The stock market context further supports this bullish outlook, with the S&P 500 gaining 0.7% on May 19, 2025, driven by tech sector strength, as reported by Bloomberg. This positive momentum in traditional markets often correlates with increased capital flow into high-risk assets like cryptocurrencies, setting the stage for potential gains in SEI and similar tokens.

From a trading perspective, SEI’s ability to hold the order block highlighted by Michaël van de Poppe suggests a strong support zone around $0.22-$0.23, as observed on the 4-hour chart on TradingView at 12:00 PM UTC on May 20, 2025. A break above the immediate resistance at $0.25 could confirm the bullish thesis, potentially driving SEI toward the $0.30 target, a 25% upside from current levels. This move would likely attract more volume, especially in trading pairs like SEI/USDT and SEI/BTC on Binance, where liquidity has increased by 15% over the past 48 hours, per exchange data. Cross-market analysis also reveals a growing correlation between SEI’s price action and movements in crypto-related stocks like Coinbase Global (COIN), which rose 1.5% on May 19, 2025, as per Yahoo Finance. This synergy indicates that institutional money flow from equities to crypto markets could further fuel SEI’s rally. Traders should also monitor Bitcoin’s dominance, which stood at 54.3% as of May 20, 2025, per CoinGecko, as a decline in BTC dominance often signals altcoin season—a favorable environment for tokens like SEI. However, risks remain, as a sudden downturn in stock indices like the Nasdaq could trigger risk-off sentiment, impacting SEI’s momentum.

Diving into technical indicators, SEI’s Relative Strength Index (RSI) on the daily chart was at 58 as of 2:00 PM UTC on May 20, 2025, indicating room for upward movement before entering overbought territory, based on TradingView data. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover on the 1-hour chart at the same timestamp, suggesting short-term buying pressure. On-chain metrics further support this outlook, with SEI’s transaction volume rising by 22% over the past week, reaching 1.2 million transactions as of May 20, 2025, according to Sei Network’s official explorer. This uptick reflects growing network activity, often a precursor to price appreciation. In terms of market correlations, SEI has shown a 0.75 correlation coefficient with Ethereum (ETH) over the past 30 days, per CoinMetrics data accessed on May 20, 2025, meaning ETH’s stability above $3,000 could bolster SEI’s price action. Additionally, the stock-crypto linkage remains evident, as institutional interest in crypto ETFs like the Grayscale Bitcoin Trust (GBTC) saw inflows of $27 million on May 19, 2025, as reported by Grayscale’s official updates. Such inflows often spill over into altcoins, benefiting projects like SEI. Traders looking for opportunities should consider setting buy orders near $0.23 with stop-losses at $0.21, targeting $0.28 as an initial take-profit level, while keeping an eye on broader market sentiment driven by stock indices and institutional activity.

In summary, SEI’s current setup offers a compelling case for traders, supported by both technical and fundamental factors. The interplay between stock market gains and crypto market sentiment, combined with institutional capital flows, underscores the potential for SEI to reach $0.30 if momentum sustains. Monitoring key levels and cross-market dynamics will be crucial for capitalizing on this opportunity while managing risks associated with volatility in both crypto and equity markets.