SEI is trading near $0.15, testing a massive multi-month support zone highlighted by analyst Michaël van de Poppe. The analyst forecasts a 366% upside toward $0.70, based on macroeconomic cycle correlations rather than Bitcoin’s halving pattern. Sei’s total value locked (TVL) has grown 150% year-over-year and daily active users have risen 40%, reinforcing strong fundamentals amid market turbulence.
In the volatile world of cryptocurrency, few voices carry as much weight as Michaël van de Poppe, CIO of MN Trading. His recent analysis on X has sparked debate, urging investors to eye SEI as a prime accumulation opportunity.
Dismissing the traditional four-year Bitcoin halving cycle, van de Poppe posits a new paradigm: altcoin performance increasingly tethered to macroeconomic rhythms and business cycle dynamics.
Massive Support Retest Aligns With On-Chain Strength
For SEI, this means the current dip isn’t a death knell but a data-backed entry point. Launched in 2023, Sei Network stands out as a Layer-1 blockchain engineered for high-speed trading and DeFi applications. With sub-second finality, parallel execution, and native order-matching, it rivals the likes of Solana but with a laser focus on exchange-like efficiency. Despite these strengths, SEI has plummeted over 90% from its all-time high of $1.14 in March 2024, now hovering around $0.15. Van de Poppe’s chart highlights a “massive support level” aligning with historical lows from April 2025, suggesting resilience amid broader market turmoil.
Cycle Shift vs. Halving Cycle: Van de Poppe’s New Framework
This thesis hinges on correlation, not coincidence. As global equities waver under inflationary pressures and rate hike echoes, high-beta assets like altcoins amplify these swings. Yet, Sei’s fundamentals shine: total value locked (TVL) has surged 150% year-over-year to over $300 million, driven by integrations with protocols like Astroport and DragonSwap. User adoption is climbing, with daily active addresses up 40% in Q4 2025, per Dune Analytics. Van de Poppe eyes a target zone of $0.70—a potential 366% upside—fueled by this economic rebound narrative. Skeptics in the replies counter with caution: past supports have cracked, and further Bitcoin drops to $40,000-$50,000 could drag alts lower.
Bullish Targets, Bearish Fears: What Traders Expect Next
One user quipped about “filling the October liquidation wick” for another 50% plunge. Bullish voices, however, draw parallels to Solana’s $8 days, emphasizing Sei’s undervaluation relative to its tech stack. For risk-tolerant portfolios, this is textbook contrarian investing. Accumulate judiciously, layering in positions as macro data improves—think softening CPI or Fed pivots. Sei’s blend of speed and scalability positions it for explosive growth if the cycle thesis holds. In a market craving narratives beyond BTC dominance, SEI could be the sleeper hit of 2026.