Sei’s native token SEI is leading gains among the top 100 cryptocurrencies after a weekend announcement that completed a major technical pivot for the Sei blockchain.
Market snapshot
- The crypto market opened the week mixed, with winners and laggards across sectors. SEI, however, stands out—rising roughly 10% in the past 24 hours and ranking among the best performers by market cap.
- Traders and analysts say momentum could continue in the near term, supported by recent network developments and bullish technical signals.
What changed: Sei completes unified EVM transition
Sei Labs announced it has finished its transition to a unified, EVM-only architecture. The team stressed that “Sei EVM is not a separate chain. It’s the same chain with a second way to interact with it,” and urged exchanges and custodians to consolidate any separate “Sei” and “Sei EVM” integrations into a single one. Custodians supporting SEI will need to migrate customer holdings before Cosmos- and IBC-related functionality is deprecated.
This milestone closes out SIP-3, the May 2025 governance vote that approved the pivot to an EVM-only design. The migration has proceeded in stages through 2026: EVM staking was added in January, inbound IBC transfers were disabled in February, and the native oracle was replaced by Chainlink, Pyth and API3 in March. The shift to a unified EVM interface is aimed at simplifying integrations and improving compatibility with Ethereum tooling and custodial services—factors that can boost liquidity and exchange support.
Technical outlook
- Short-term momentum favors the bulls: the 4-hour chart shows post-rally inefficiencies in the prior bearish structure, the RSI sits near 70 (approaching overbought), and MACD remains in positive territory.
- Key levels to watch: immediate resistance is at $0.0800; a sustained breakout could target the daily swing high at $0.09248. On the downside, initial support sits around $0.07021, with a deeper retracement exposing the psychological $0.06490 level.
Bottom line
The completion of Sei’s unified EVM transition is the primary catalyst behind SEI’s latest spike, and technical indicators support the possibility of further upside. Still, RSI readings and market conditions mean traders should monitor whether buying momentum holds or gives way to profit-taking near the $0.080 resistance.
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