SEI token has doubled in value with over 100% gain between April 6 and May 11. SInce then it has seen some declines of around 20% but this could only be a time to cool off before the next leg up.
One of the believers of the Sei project is Crypto Patel;. The analyst with more than 72,000 followers on X, shared his bullish outlook on SEI, stating it could reach $2.
He mentioned the token’s Trump backing and institutional investments, calling it the next altcoin rocket. He noted SEI had already increased 100% from his entry point. Patel explained that the price is consolidating near support at $0.20–$0.14, describing this range as the Golden Accumulation zone where investors can buy before the next price increase.
$SEI to $2? Trump-backed + Institutional Buys = Next Altcoin Rocket!#SEI already pumped +100% from our entry! Hope you enjoyed the ride. But I’m still massively bullish on this setup.
▶️ Price is consolidating near Support at $0.20–$0.14
▶️ Golden Accumulation zone for the… https://t.co/CjgT7M2WJi pic.twitter.com/18HCKuaLJT
— Crypto Patel (@CryptoPatel) May 19, 2025Trump Connection Fuels Interest
SEI token has gained attention for its connection to President Donald Trump through World Liberty Financial. The firm put around $775,000 into nearly 5 million SEI tokens. Their portfolio also includes Bitcoin, Ethereum, and Chainlink.
World Liberty Financial is Trump’s family crypto project. He serves as the Chief Crypto Advocate. The Trump family received a large token allocation valued at over $1 billion on paper when they launched.
The company uses trading wallets funded by their main wallet to buy various cryptocurrencies, including SEI, as part of building a diverse portfolio.
SEI Token Attracts Institutional Attention Amid Bullish Momentum
SEI token has caught the eye of major players in the crypto world. Grayscale added SEI to their candidate list for potential trusts. This could bring significant capital from traditional finance if approved.
The project has backing from top crypto firms including Circle Ventures, Multicoin Capital, Coinbase Ventures, and Delphi Digital. These companies like SEI’s speed, resilience, innovation, and regulatory approach.
Canary Capital is also pushing for an SEI staking ETF with the SEC. If approved, it would be among the first regulated staking products for a Layer 1 blockchain. This would give SEI major institutional credibility.
Crypto Patel’s analysis shows promising signs for SEI. The price bounced from an accumulation zone (about $0.10–$0.18). This zone has worked as strong support in the past.
After a long downtrend, SEI price broke out from the descending trendline. This led to a sharp 106% move up (from about $0.14 to $0.28). The price is now consolidating after hitting around $0.28. It might dip into the accumulation zone again before moving higher.
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Patel outlined several targets for SEI. He identified $0.2806 as a short-term resistance level. Beyond that, he sees $0.4053 as a medium resistance point. His analysis shows $0.7011 and $1.0470 as major resistance levels. His most ambitious target stands at $2.0135, which would represent a potential 1,050% gain from current levels.
He sees two possible paths: a bullish wave after testing the accumulation zone again, or a more gradual recovery forming a rounded bottom.
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