SEI: Breakout Potential Above $0.38 Could Lead to Price Surge to $1

The cryptocurrency SEI is poised for a significant breakout above the $0.38 resistance level, with potential to propel prices towards $1. Analysts predict this move is triggered by sustained bullish sentiment and growing institutional interest in DeFi applications. 2023 has witnessed strong market liquidity as SEI consolidates, testing price range between $0.285 – $0.295 before a potential surge.