TLDR
- Donald Trump’s DeFi venture World Liberty Financial (WLFI) acquired 541,242 SEI tokens worth $100,000 USDC at an average price of $0.185.
- SEI price increased 7.3% following this purchase, rebounding from its lowest level since November 2023.
- Technical analysis shows SEI forming a potential reversal pattern with key resistance at $0.20-$0.22 and support at $0.175.
- WLFI has invested $21.6 million across various cryptocurrencies since February, including ETH, WBTC, MOVE, and SEI.
- The Trump-backed project recently partnered with Sui blockchain to develop new opportunities and build a strategic SUI reserve.
SEI cryptocurrency has seen a 7.3% price jump after Donald Trump’s blockchain venture World Liberty Financial added 541,242 SEI tokens to its growing portfolio. The purchase, made at an average price of $0.185 per token, totaled $100,000 USDC and comes as SEI was testing key support levels.
This acquisition helped push SEI price closer to the $0.20 mark. Before the purchase, SEI had reached its lowest trading level since November 2023, bottoming out near $0.18 during the recent market downturn.
Market reaction was swift following the news. Trading volume for SEI increased by 17%, reaching over $127 million. This surge in activity suggests renewed interest in the token at a time when many other cryptocurrencies were facing pressure.
With this latest purchase, World Liberty Financial now holds 1.089 million SEI tokens in total. The project has spent a combined $225,000 on acquiring these tokens. Current market conditions value this holding at approximately $207,000.
SEI Price
SEI’s price action shows signs of a potential turnaround on technical charts. The token appears to be setting up for a breakout from a descending triangle pattern that has contained price movement for months.
Chart analysts point to a possible Elliott Wave structure forming. The pattern suggests SEI may be completing a corrective W-X-Y-Z sequence, with the recent $0.18 low potentially marking the end of wave Z. This level coincides with a horizontal demand zone that has provided support.
For traders watching SEI, several key levels stand out. Immediate resistance sits at $0.2035, with further hurdles at $0.22 and $0.25. On the downside, $0.175 serves as nearby support, while a drop below $0.15 would likely invalidate the bullish outlook.
The RSI indicator has reached oversold territory on several timeframes. This technical signal often precedes a reversal, as it suggests selling pressure may be exhausted. Traders are watching for potential bullish divergence on this indicator.
World Liberty Financial’s investment in SEI is part of a broader cryptocurrency acquisition strategy. Since late February, the Trump-backed project has invested $21.6 million across various digital assets despite the overall market downturn.
WLFI Investments
Major investments by WLFI include substantial positions in Ethereum and Wrapped Bitcoin. Just last week, the project allocated $10 million to each of these leading cryptocurrencies as part of its portfolio diversification approach.
The project launched its Macro Strategy Reserve initiative in February. This strategic move aims to build financial stability by spreading investments across multiple digital assets. The goal is to reduce exposure to any single cryptocurrency while maintaining growth potential.
By diversifying its holdings, WLFI seeks to create a buffer against market volatility. This approach reflects a long-term vision for sustainability in the rapidly changing cryptocurrency space.
Beyond SEI, the project has also formed a strategic partnership with the Sui blockchain. This collaboration focuses on exploring new development opportunities and building a dedicated SUI token reserve.
Evang Cheng, who helped found Sui, expressed optimism about working with WLFI. Cheng noted that combining Sui’s technology with WLFI’s vision could transform global asset management practices.
On shorter timeframes, SEI’s price structure suggests the early formation of an impulsive recovery wave. The hourly chart shows what appears to be waves (i) and (ii) of a potential five-wave pattern, with wave (iii) possibly targeting the $0.22 area.
A successful break above the descending trendline would provide technical confirmation of a trend shift. Clearing the $0.20-$0.22 range could open the path toward higher targets at $0.24-$0.26 in the near term.
Fibonacci analysis identifies $0.32 as a major resistance level. This 0.786 retracement mark will likely cap any initial recovery rally before a more extended move can develop.
This SEI purchase comes at an interesting time for the Trump portfolio. Overall, the nine-token crypto holdings valued at approximately $340 million are currently showing paper losses of around $124 million due to recent market conditions.
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