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The Sei price surged 11% in the last 24 hours to trade at $0.2121 as of 1:41 a.m. EST, with trading volume soaring 48% to $210 million.
The SEI price increase follows the Wyoming Stable Token Commission’s announcement of the results of its blockchain network testing for the launch of WYST, a USD-backed stablecoin. The commission shortlisted two finalists: Aptos and Sei.
Sei Network has been selected by the Wyoming Stable Token Commission as a candidate blockchain for WYST 🇺🇸
WYST is the first fiat-backed stablecoin issued by a U.S State and will be deployed using @LayerZero_Core.
The updated candidate list is publicly accessible on The… pic.twitter.com/a2PV26bHyR
— Sei 🔴 (@SeiNetwork) June 19, 2025
The fiat-backed WYST stablecoin is set to launch in July via LayerZero and will be issued using the Omnichain token interaction protocol.
Sei Price Eyes Breakout Over A Bullish Wedge
The SEI price on the daily chart formed a head-and-shoulders pattern from October to January. This bearish reversal pattern unfolded cleanly, resulting in a steep decline following the breakdown of the neckline in January.
Subsequently, the Sei price entered into a long-term falling wedge formation, a bullish reversal pattern characterized by converging downward-sloping trendlines. This wedge has been in play for several months and now shows signs of potential breakout behavior, with the most recent daily candle piercing the upper boundary of the wedge.
The 50-day Simple Moving Average (SMA) is currently at $0.2221 and is acting as immediate resistance, as GeckoTerminal data shows. Meanwhile, the 200-day SMA lies higher at $0.2923, marking a longer-term resistance level and a potential upside target if bullish momentum persists.
Meanwhile, the Relative Strength Index (RSI) stands at 53.12, placing it just above the midpoint. This neutral-to-bullish RSI suggests that the market has transitioned out of oversold territory and is gaining strength.
SEI Price Prediction
If SEI decisively breaks and holds above $0.2221 (50-day SMA), the next key resistance lies at the 200-day SMA around $0.2923.
Sei being named a finalist for Wyoming’s WYST stablecoin project, alongside Aptos, is a game-changer, boosting confidence in its ecosystem.
With the WYST stablecoin dropping in July using LayerZero’s tech, Sei’s got a big nod from US regulators. This could pull in heavy-hitting investors and ramp up blockchain action, providing fundamental tailwinds to SEI’s technically bullish setup.
On the downside, if the bears take charge of the price of Sei, the $0.14 support could still act as a cushion against downward pressure.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could potentially soar 10X after launch.
Bitcoin Hyper Token Presale Races Towards The $1.5 Million Milestone – Next 10X Crypto?
Bitcoin Hyper is a modular layer-2 chain powered by Solana’s execution layer, but anchored to Bitcoin’s base layer for security.
The magic happens through the Solana Virtual Machine (SVM). This is the same engine that powers Solana’s lightning-fast transactions and low fees.
Its hybrid design combines the best of both worlds: Solana’s blistering speed of over 2,000 transactions per second (TPS), compared to Bitcoin’s 7 TPS, with Bitcoin’s unmatched decentralization and trust.
Furthermore, by integrating the SVM, Bitcoin Hyper enables the execution of smart contracts at speeds and costs that Bitcoin has never been able to match.
The base layer stays the same. Bitcoin Hyper handles all the complex app interactions and fast transactions on its layer-2, and then settles final transactions back on Bitcoin’s layer-1 for security, using the canonical bridge.
The project is now in presale and has already garnered over $1.45 million and is hurtling towards the $1.5 million mark, after raising over 300K in less than a week.
Apart from scalability, the team has allocated 5% of the total 21 billion HYPER token supply for rewards, offering investors an impressive 527% annual percentage yield (APY) for purchasing and staking the tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.01195 each using crypto or a bank card.
Buy before the next price increase in around 12 hours.
Visit the Bitcoin Hyper website.
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