SEI integrates Chainlink Data Streams: A new driving force for SEI's price?

The price of Sei (SEI) continues to maintain a green tone, currently trading above the 0.325 USD mark on Thursday afternoon, after surging over 10% from an important support zone this week. Notably, the Sei Development Foundation, in collaboration with Chainlink, has just launched Chainlink Data Streams on the Sei network, expanding infrastructure capabilities for DeFi applications as well as organizational-level solutions. At the same time, derivative data is recording positive signals as open contracts (OI) are steadily growing, while the number of long positions has risen to its highest level in several weeks.

Sei integrates Chainlink data, strengthening the ecosystem

On September 10, the Sei Development Foundation and Chainlink announced the official deployment of Chainlink Data Streams on the Sei network, thereby becoming the preferred oracle infrastructure of the ecosystem.

This move follows the partnership agreement between Chainlink and the U.S. Department of Commerce, bringing data from the Bureau of Economic Analysis (BEA) directly to Sei. The key economic indicators integrated include: Gross Domestic Product (GDP) real, Personal Consumption Expenditures (PCE), final retail sales to private consumers, along with the corresponding change rates.

In the press release, Sei emphasized: "When federal macroeconomic data is directly fed into on-chain markets, the combination of Chainlink's industry-standard oracle network and Sei's sub-second transaction processing capability will position the ecosystem as a pioneer. This will be a new era, where traditional financial data merges with high-performance blockchain infrastructure, opening up unprecedented trading opportunities and applications at the organizational level."

Analysts believe this is a long-term boost for Sei, as the ecosystem is reinforced by secure, real-time, and verifiable on-chain data. This move not only elevates the DeFi infrastructure and applications for organizations but also helps strengthen investor confidence, attract development teams, and bring in new institutional capital.

The Sei derivatives market shows an optimistic trend

The open contract (OI) of Sei futures contracts on exchanges has surged significantly, from 230 million USD on Sunday to 285.92 million USD on Thursday – the highest level since August 25. The increase in OI indicates that new capital is flowing into the market, providing additional momentum for the current bullish trend of SEI.

Open contract (OI) of Sei futures | Source: CoinglassAt the same time, the Long/Short ratio among traders also climbed to 1.20 on Thursday – the highest in over a month. This figure clearly reflects the prevailing optimistic sentiment.

Long/Short ratio chart of SEI | Source: Coinglass## Price forecast for Sei: SEI rebounds after testing important support

Last weekend, SEI successfully tested the 200-day exponential moving average (EMA) at the level of 0.286 USD on Saturday, before surging more than 12% in just the next four sessions. As of Thursday afternoon, this coin has maintained its positive momentum, trading around the 0.325 USD level.

If the uptrend is maintained and SEI breaks above the downtrend line, the price could extend the rally towards the 50% Fibonacci retracement level at 0.433 USD.

SEI/USDT Daily Chart | Source: TradingViewOn the daily frame, the Relative Strength Index (RSI) is at 57 – above the neutral level of 50 – indicating that bullish momentum is gradually strengthening. At the same time, the MACD indicator has also recorded a bullish crossover at the beginning of the week, sending a buy signal, while the green histogram bars continue to widen above the neutral threshold, reinforcing the positive outlook in the short term.

However, in the adjustment scenario, SEI may retest the 200-day EMA around 0.286 USD.

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