SEI Breaks Out From Falling Wedge, Targets $1.15 Bullish Move

SEI has broken out of a long-term falling wedge pattern on weekly charts, signaling a potential bullish reversal and attracting increased trading activity. The breakout, confirmed by a surge in trading volume (265% in 24 hours), coincided with a successful pullback retest after the token broke above its support level. Experts anticipate a move towards $1.15 as the next target based on technical analysis of the wedge pattern. This bullish momentum is further supported by institutional fund launches from BlackRock and Brevan Howard, enhancing SEI’s credibility and adoption potential within the financial ecosystem.