Guy Fawkes 
Coinbase down, Canva down, and we’ve all learned that we’re at gunpoint from Amazon AWS. If that goes down, we’re all screwed. Lesson learned!
Meanwhile, altcoins are making a comeback and the SEI Crypto (SEI/USDT) chart is flashing early bullish signals again.
After weeks of quiet trading, the Layer-1 blockchain built for high-speed decentralized finance and Web3 apps may be coiling for its next move. Here’s why SEI is making moves:
Coinbase Down? Technical Setup For SEI Crypto: Golden Cross Meets Tight Squeeze
According to CoinGecko, SEI’s chart is caught between pressure and potential. Resistance at $0.203-$0.204 has stalled every bounce so far, while tightening Bollinger Bands signals the calm before another move.
With RSI drifting near 45, momentum is cooling but far from dead. A push above $0.203 could spark a quick rally to $0.25–$0.28, but a slip under $0.197 could collapse the price fast.
DISCOVER: Top 20 Crypto to Buy in 2025
Immediate support sits at $0.200, with significant backing at $0.197, where buyers absorbed every sell-off last week. Resistance remains firm at $0.203-$0.204, the ceiling short-term traders have repeatedly defended.
Moreover, Bollinger Bands are tightening, a classic precursor to volatility expansion, while RSI hovers around 45, signaling cooling momentum but not capitulation.
Singapore Becomes SEI’s Launchpad for the Next Crypto Cycle
In a recent Blockcast interview at Token2049 Singapore, Jeff Feng, co-founder of Sei Labs, described the city as a “vital hub” for both development and expansion across Asia.
“The density of talent in Singapore is unbelievable,” Feng said. “It’s the perfect base for building across China, Korea, and the broader APAC region.”
Feng’s thesis for SEI is straightforward: the core use case of blockchain is trading digital assets, and whoever solves that problem best wins. According to him, SEI’s architecture borrows
Ethereum
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developer network effects and Solana’s hardware throughput. Guess we’ll see if that’s enough to grow it.
Beyond DeFi: Gaming, Social, and the Next Asset Class
SEI’s network is stretching past finance and trying to break into unproven Web3 sectors like gaming, social apps, even tokenized DNA. Additionally, the chain’s pending acquisition of a 23andMe business unit would let users trade and stake their own genetic data, turning personal biology into an on-chain asset. It’s a radical experiment in ownership.
“The goal is to give power back to users who generated the data,” Feng said, calling it “the next wave of real adoption.”
DeFi Llama data shows total value locked (TVL) on SEI exceeding $469 Mn, making it one of 2025’s fastest-growing L1s. With a tightening Bollinger setup and institutional expansion in Asia, SEI may be positioning for an L1 rotation trade if altcoins regain momentum later this year.
EXPLORE: SUI Crypto Beats BNB in Developer Growth but Dumps 30%: Price Prediction
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Key Takeaways
- Coinbase down, Canva down, and we’re all learning that the internet is at gunpoint from Amazon AWS. If that goes down we’re all screwed.
- SEI may be positioning for an L1 rotation trade if altcoins regain momentum later this year.
The post Coinbase Down? Now That Altcoins Are Back, Here Is a New 5X (Golden Cross Forms) appeared first on 99Bitcoins.
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