SEI crypto price rises ahead of June 1 SEIEVM migration: the key levels to watch

Sei’s native token, SEI, has gained momentum in the final days leading up to the network’s planned SEIEVM migration on June 1.

The token has climbed more than 11% over the past 24 hours to trade near $0.069, while weekly gains have exceeded 13% as traders position themselves ahead of the upgrade.

Trading activity has also picked up sharply, with daily volume surging above $168 million, reflecting increased interest from short-term traders and investors closely watching the ecosystem transition.

SEIEVM migration

The June 1 migration has become the central focus for SEI traders this week.

The update is designed to strengthen Sei’s Ethereum Virtual Machine compatibility, allowing developers and users to interact more easily with Ethereum-based applications and liquidity.

Crypto exchange Binance confirmed support for the migration two days ago, helping fuel renewed interest in the token.

The transition is expected to improve interoperability across decentralized finance applications while making the network more accessible to Ethereum developers.

At the same time, traders are also monitoring the upcoming “Giga” upgrade, which aims to significantly increase network throughput and reduce transaction finality times.

The Sei team previously said the upgrade targets throughput above 200,000 transactions per second with finality below 400 milliseconds.

Technical indicators show improving momentum

Sei’s rally follows a difficult stretch for the token earlier this year.

SEI touched a low of $0.0485 in March before rebounding more than 43% from those levels.

The recovery has pushed the token near the upper end of its recent trading range between $0.0639 and $0.0727.

Although SEI remains far below its all-time high of $1.14 reached in March 2024, recent price action suggests traders are beginning to price in expectations tied to the upcoming migration and broader network improvements.

On the daily chart, SEI has reclaimed its 10-day, 20-day, and 50-day exponential moving averages, signaling strengthening short-term momentum.

However, the token continues trading below the 100-day and 200-day EMAs, indicating the broader long-term trend has not fully turned bullish.

Momentum indicators also remain supportive without showing signs of extreme overheating.

The Relative Strength Index on the daily timeframe stands at 60.30, placing SEI in neutral-to-bullish territory rather than overbought conditions.

Meanwhile, the weekly RSI remains near 35.8, signaling that SEI may still have room for additional recovery if buying pressure continues.

SEI crypto price forecast

The first major resistance level sits near $0.0713. SEI would likely need a confirmed close above that level to maintain bullish momentum.

A breakout there could open the door toward the next resistance zone around $0.07581.

Beyond that area, traders will likely monitor the psychological $0.10 level, which has increasingly emerged as a medium-term upside target during the current recovery phase.

On the downside, immediate support is forming around $0.06342.

A break below that level could weaken short-term momentum and expose the token to another decline, particularly if broader crypto market conditions soften.