SEI Price Eyes Breakout as Mastercard Partnership Bolsters Bullish Outlook

The price of SEI has been experiencing a retracement after its sharp recovery in August, but rising open interest and the release of Sei-Mastercard's institutional blockchain adoption report are keeping the focus on the next breakout point.

At press time, SEI is trading at $0.04577, representing a drop of 5.28% against the previous 24 hours.

The coin had grown by 12.5% in August, marking some recovery against the losses of 30.3% and 12.5% recorded in June and July, respectively.