The price of SEI is showing signs of a potential bullish reversal, fueled by anticipation surrounding a potential staked SEI exchange-traded fund (ETF) from Canary Capital. After a period of lower highs and lows since early January, SEI has recently experienced its first slight increase in high prices. It currently sits at the key resistance level of $0.20, a zone that previously served as a lower high and coincides with the declining trendline. SEI is now reclaiming both the EMA-20 and SMA-50 indicators, edging closer to the SMA-100 at $0.22, suggesting a longer-term structural shift may be underway. Momentum indicators further support this bullish case: the MACD presents a positive histogram and a bullish signal line crossover, while the Relative Strength Index stands at 66, indicating strong buying pressure nearing overbought territory. Looking ahead, SEI’s price targets are around $0.25 – a key level where the price consolidated between February 20th and early March before breaking down to the $0.22 zone. A successful breakout above $0.25 could open the door for a move toward the $0.30 level. More ambitious target is the $0.40, marking the first major lower high following the January peak. A breakdown below $0.14 local support would invalidate this bullish outlook. The key catalyst driving SEI’s price toward $0.40 and beyond could be Canary Capital’s recent registration of a Delaware trust for a staked SEI ETF. This official filing represents the first step toward launching a staked SEI ETF in the U.S., although it does not make the ETF tradable yet. It establishes a legal framework for holding and managing SEI assets, including staking operations designed to generate additional yield. The next phase involves Canary Capital submitting a Form S-1 to the SEC, outlining the ETF’s structure, staking mechanism, and distribution strategy for rewards. If approved, this staked SEI ETF could become one of the first in the U.S., potentially boosting SEI’s price by attracting institutional investors.