SEI's Descending Triangle Signals Potential Breakout to $0.70 as Binance Enhances Network Security

Market Analysis: SEI is currently trading at $0.17, forming a descending triangle pattern that could lead to a breakout towards $0.70 if it surpasses the $0.20 resistance level, according to technical analysis by @AliCharts.

Recent Developments: Binance has joined as a validator, enhancing network security and contributing to a significant 91% increase in trading volume to $137M daily following SEI's listing on Robinhood.

Fundamental Strength: The GIGA upgrade and a total value locked (TVL) of $500M highlight SEI's strong fundamentals, with analysts projecting a short-term price target of $0.36 amid growing DeFi trading activity.

Cautionary Notes: While the technical setup appears promising, caution is advised due to potential overbought conditions and the risk of a Bitcoin dip affecting altcoin prices; however, ongoing ETF buzz and institutional interest suggest a bullish outlook for SEI.