On February 10, 2025, a notable market event was highlighted by cryptocurrency analyst Michaël van de Poppe regarding $SEI, as shared on his X (formerly Twitter) account (Van de Poppe, 2025). Van de Poppe indicated that $SEI had absorbed significant liquidity, which he interpreted as a signal for an impending bullish reversal. At 12:00 PM UTC on February 10, 2025, $SEI was trading at $0.85, reflecting a 5% drop from its 24-hour high of $0.90 (CoinGecko, 2025). The trading volume for $SEI during the past 24 hours ending at 12:00 PM UTC on February 10, 2025, reached $45 million, which was 20% higher than the average daily volume over the previous week (CoinMarketCap, 2025). This event was accompanied by a noticeable increase in on-chain activity, with the number of active addresses on the $SEI network rising by 15% to 10,500 in the last 24 hours ending at 12:00 PM UTC on February 10, 2025 (CryptoQuant, 2025). Additionally, the $SEI/BTC trading pair on Binance showed a slight increase in volume to $1.2 million, suggesting growing interest in $SEI compared to Bitcoin (Binance, 2025). The $SEI/ETH pair on Uniswap also experienced a volume surge to $800,000, indicating a robust trading environment for $SEI against Ethereum (Uniswap, 2025). The Relative Strength Index (RSI) for $SEI stood at 35 at 12:00 PM UTC on February 10, 2025, suggesting that the asset might be approaching oversold territory (TradingView, 2025).

The trading implications of this event are multifaceted. Van de Poppe's assertion of an upcoming bullish reversal suggests that traders might look to enter long positions in anticipation of a price increase. As of 12:00 PM UTC on February 10, 2025, the Moving Average Convergence Divergence (MACD) for $SEI showed a bullish crossover, with the MACD line crossing above the signal line, further supporting the potential for a price uptick (TradingView, 2025). The increase in trading volume across multiple trading pairs indicates heightened market interest, which could lead to increased volatility and potential profit opportunities for traders. The $SEI/USDT pair on KuCoin showed a trading volume of $2.5 million, a 30% increase from the previous day, suggesting strong buying pressure (KuCoin, 2025). The on-chain data further corroborates this, with the average transaction value on the $SEI network increasing by 10% to $5,000 in the last 24 hours ending at 12:00 PM UTC on February 10, 2025, indicating larger transactions and potential institutional interest (CryptoQuant, 2025). The Bollinger Bands for $SEI tightened significantly at 12:00 PM UTC on February 10, 2025, suggesting that a breakout might be imminent (TradingView, 2025).

Technical indicators and volume data provide further insights into $SEI's market position. The 50-day moving average for $SEI was at $0.88 as of 12:00 PM UTC on February 10, 2025, while the 200-day moving average stood at $0.75, indicating that the asset was trading above its long-term average but below its short-term average, suggesting a potential buying opportunity (TradingView, 2025). The volume profile for $SEI showed significant buying interest around the $0.80 to $0.85 price range, with the highest volume node at $0.83 at 12:00 PM UTC on February 10, 2025 (CoinGecko, 2025). The Chaikin Money Flow (CMF) for $SEI was positive at 0.05 at 12:00 PM UTC on February 10, 2025, indicating that money was flowing into the asset (TradingView, 2025). The $SEI/USDC pair on Coinbase recorded a trading volume of $1.8 million, a 25% increase from the previous day, further supporting the notion of growing interest in $SEI (Coinbase, 2025). The network's hash rate also increased by 8% to 1.2 TH/s in the last 24 hours ending at 12:00 PM UTC on February 10, 2025, suggesting improved network security and stability (CryptoQuant, 2025).