Sei [$SEI] rallied 9.2% in 24 hours while Bitcoin [BTC] consolidated near $84,000. Bitcoin had retreated from $87,300 earlier in the week, with $81,000 a possible downside level.

The broader crypto market cap slipped 0.20%, but Sei bulls held their ground. Earlier this week, they flipped the late-June supply zone near $0.055 into support.

$SEI crypto appeared likely to rally higher, especially after the Canary staked ETF filing.

Can Sei break its weekly downtrend?

The weekly chart showed that the long-term Sei crypto token trend was firmly bearish. However, over the past six weeks, trading volume has begun to pick up after the June-July consolidation around $0.045.

The rising volume was accompanied…