Sei Up 36% in 24 Hours—Here's Why This Altcoin Is Breaking Out

Layer-1 (L1) Sei coin is the strongest performer in the market today, surging over 36% in the past 24 hours.

This double-digit growth occurred against the backdrop of a sudden increase in capital flow into the network, signaling new investor interest and capital movement into the chain.

SEI Surges as Net Capital Flow Spikes

Sei Network recorded one of the largest net capital flows across all chains in the past 24 hours. It ranks fourth in bridged net flows, surpassing large networks like Solana during that period.

According to Artemis, Sei Network saw $3 million in bridged net flows in the past 24 hours. Meanwhile, the leading Solana network experienced net outflows of up to $5 million during this period.

The increase in capital inflow signals growing user activity and potentially increasing investor confidence in the Sei ecosystem. According to the data provider, only Arbitrum, Base, and Ethereum had higher net flows.

With capital flowing into the network, SEI coin has seen increased demand, reflected in the rising Chaikin Money Flow (CMF) index. At the time of writing, this momentum indicator was at 0.22.

The CMF index measures how money flows in and out of an asset. Positive indicators show superior accumulation compared to selling activity by coin holders. Conversely, when an asset's CMF is below 0, selling pressure dominates the market.

For SEI, its CMF setup reinforces the narrative that the current price increase is supported by strong demand and liquidation.

SEI Challenges Market Downturn

This altcoin is trading at its four-month high of $0.28 at the time of writing. In fact, amid the overall weak market performance in the past week, SEI's price has increased by over 65%.

With increasing capital inflow and positive momentum indicators, SEI may continue to outperform in the short term. If demand remains high, the coin could rise to $0.36.

However, if demand drops significantly and profit-taking begins, SEI coin's price could break below the $0.27 support level and drop to $0.23.