Sei Chain Shifts to EVM-First Strategy

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 18 hours ago

SOL+0.944%

OP+4.306%

ATOM+5.413%

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Strategic Shift: Sei chain's potential pivot to an EVM-first approach aims to enhance transaction speed through parallelized Ethereum smart contracts, which may weaken support for Cosmos smart contracts, impacting existing developers' choices and ecosystem stability.
Developer Impact: Developers face tough decisions to rewrite, migrate, or sunset existing contracts, particularly CosmWasm developers who must consider moving to Solidity, directly affecting their workflows and community trust.
Liquidity Risks: If Sei diminishes the role of IBC, it could lead to liquidity loss, especially as users from Cosmos-specific markets may reduce participation due to migration costs, subsequently affecting overall trading volume and market activity.
Competitive Landscape: Sei's EVM-first strategy positions it against established Ethereum L2s, necessitating a match in tooling depth and incentive design with competitors like Arbitrum and Optimism to attract developers and market makers.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	73.611	77.555	81.551	85.495	89.491	93.435	97.431
Fibonacci	77.555	80.588	82.462	85.495	88.528	90.402	93.435

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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