SEI Jumps More Than 30% After Canary Capital Updates Filing for Proposed Staked SEI ETF

Key takeaways: SEI hovered around $0.06094 after rising about 30% over the past 24 hours, lifting its market cap to roughly $462 million. Canary Capital's revised registration filing for a proposed Staked SEI ETF describes staking about 90% of the fund's spot SEI holdings, with BitGo named as exclusive custodian. On the chart, $0.04504 is a nearby support level, while $0.07710 is the first notable upside target. SEI surged more than 30% after Canary Capital submitted another amendment to its U.S. registration statement for a proposed Staked SEI ETF. Market data showed SEI trading near $0.0670 at the peak of the move, with total market value around $462 million. Activity picked up sharply as well, with 24-hour trading volume jumping over 200% across major exchanges. The updated filing adds a fresh potential catalyst as technical signals reflect a rapid short-term rebound. SEI technical outlook: $0.077 is the first upside test SEI has pushed away from the lower support band established during the latest selloff. The daily setup places broader support near $0.04, while Fibonacci levels highlight $0.04504 as another key area tied to the recent bounce. Staying above this zone keeps the recovery pattern intact and leaves room for a move higher. At the time of writing, SEI was up more than 33% in 24 hours to $0.06294. The first major resistance sits around $0.07710, aligning with the 23.6% Fibonacci retracement and a first wave-four target. Clearing that level would shift focus to $0.11888, $0.16689, and $0.23938. If SEI breaks below the broader $0.04 support area, downside attention would turn to $0.03507, then $0.02320. Shorter-term trend gauges show strong momentum. SEI is trading above the hourly 20-period moving average at $0.0522 and the 50-period at $0.0501. The price is also above the daily 200-period moving average at $0.0534, while the daily Ichimoku Kijun line sits near $0.0525. Momentum indicators, though, look stretched after the spike. RSI hit 81.7, with Stochastic RSI and CCI also in overbought territory. MACD and ADX continue to point to firm buying pressure, combining strong trend strength with a higher risk of short-term profit-taking. Canary Capital details staking plan in amended ETF filing Canary Capital filed a second amendment to the registration statement for its proposed Staked SEI ETF. The revised document describes a structure holding spot SEI and staking about 90% of those tokens. Under the proposal, BitGo would act as the fund's exclusive custodian, and the product would seek to list on the Cboe BZX Exchange. The staking design would allow the fund to earn staking rewards on most of its SEI while keeping assets in custody at BitGo. The filing is not an approval, and the proposal remains subject to U.S. regulatory review. The amendment provides additional detail on how custody and staking would be handled if the product is cleared to launch. The structure is presented as spot-backed rather than derivative-based exposure, tying the fund's assets to SEI held in custody while allocating most holdings to the network's staking mechanism. Near-term levels: $0.0603 remains the immediate pivot In the near term, technical levels highlight $0.0543 as important support and $0.0603 as the next immediate resistance. The projected two- to three-day trading range sits between those points. A sustained move above $0.0603 would bring the market closer to the larger $0.07710 target. A drop below $0.0543 would weaken the short-term setup and put the moving-average cluster back in focus, including the $0.0534 daily 200-period average and the $0.0525 Ichimoku Kijun. This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investing involves risk, and past performance is not indicative of future results. Readers should do their own research before making investment decisions.