What drove SEI’s rally
The main reason behind SEI’s jump is the completion of its unified EVM architecture. The team announced over the weekend that it had finished transitioning to a single, EVM-only setup. This means exchanges and custodians supporting SEI must move customer holdings before support for Cosmos and IBC-related features ends.
Sei Labs stressed that Sei EVM is not a separate chain. “It’s the same chain with a second way to interact with it,” they explained. Any platform that treats “Sei” and “Sei EVM” as two separate integrations needs to combine them into one. This move closes out SIP-3, the governance vote from May 2025 that approved Sei’s pivot to a fully EVM-only architecture.
The transition happened in stages through early 2026. EVM staking was added in January. Inbound IBC transfers were disabled in February. And in March, the native oracle was replaced by Chainlink, Pyth, and API3.
Technical outlook
The SEI/USD 4-hour chart looks somewhat bearish and inefficient despite the latest rally, but momentum indicators suggest bulls remain in charge. The RSI is at 70, meaning SEI is getting close to overbought territory, which could bring selling pressure soon. The MACD lines are in positive territory, adding support to the bullish case.
If the uptrend continues, SEI could push past the $0.0800 level in the near term. The daily chart shows a swing high at $0.09248, which might be the target over the next days or weeks.
Potential downside risks
But things could also go the other way. If sellers regain control, SEI might fall to support at $0.07021. Losing that level could let bears push the price down toward the psychological mark at $0.06490.
