SEI price rises to $0.062: can bulls move higher?

The SEI gained 10% to $0.062, fueled by Bitcoin's test of $78k and positive risk sentiment. Rising TVL, steady coin growth and giga upgrades are bullish indicators. A break out of a long downtrend allows for a retest of $0.10.

The SEI token rose to a key level of $0.062, with gains over the past 24 hours amid general optimism among traders and analysts.

With Bitcoin adding $78,000 and risk appetite, a reversal could accelerate ahead of a key network upgrade.

The price of Sey touched $0.062 as Bitcoin, record gains for the crypto

SEI Token rose to $0.062 on April 22, 2026, a 10.5% increase amid the broader crypto rally over the past 24 hours. After consolidating near key support levels, Bitcoin led the charge by retesting $78,000, while Ethereum and others posted similar gains.

The fresh jitters stemmed from improved global risk sentiment as investors eyed the Iran ceasefire and its potential implications for the global economy.

Simple geopolitical tensions seem to have boosted stocks around the world, as have the S&P 500 and digital assets.

In fact, the positive reflection of the crypto markets raised the total capitalization by 3% to 2.63 trillion dollars.

The Crypto Fear and Greed Index is hovering around 63, indicating general greed.

For SEI, disruption emphasizes both a sense of vulnerability and the fundamentals of networking.

Why are analysts bullish on SEI?

SEI bulls are mostly bullish due to on-chain metrics and strategic network developments.

Network activity has shown consistent gains, bolstering the token's recent price recovery. Total Value Locked (TVL) in DeFi has now reached over $146 million as fresh capital flows into DeFi protocols on-chain.

Stablecoin's market cap is around $181 million, showing a 2% daily increase and strong liquidity. Meanwhile, the dominance of USDY at 59.43% leads to efficient, concentrated capital deployment, reducing volatility risks.

Before the giga upgrade, a prominent trigger may appear, as recently reported, through the sunset side of the Sey Cosmos layer.

This is after Sei Labs released system version 6.4 and started the migration to Ethereum Virtual Machine (EVM) compatibility.

Developers will eventually see the convergence of the network with Cosmos dependencies, streamlining the architecture for broader interoperability.

The Giga Upgrade, the next major milestone, promises to deliver transformational scale by increasing throughput, cutting block times and speeding up the final stage.

These improvements will encourage high-frequency applications such as decentralized exchanges, gaming platforms and consumer dApps, where SEI tokens can explode with increased usage and rewards.

Sei price analysis

The SEI chart shows a break above $0.060 for the first time since late March. Although the downtrend remains, a trade high around $0.062 could buy bulls.

A resumption of the token from the $0.055 lows means that bulls will need to clear major resistance around $0.063-$0.065 to confirm momentum.

From a technical perspective, gains pushed the token above the 20-day and 50-day exponential moving averages (EMAs), confirming short-term buyer control.

Volumes during the rally suggest that they are to blame, with the RSI rising from oversold territory to 60 and the MACD reversing sharply.

If higher momentum continues, buyers will see resistance at $0.078 and a year-to-date high next above $0.107.

However, a break below $0.055 could invalidate the bullish setup and allow bears to target $0.049.