- The SEI price sparks a fresh recovery attempt with a recent breakout from an inverted head and shoulders reversal pattern.
- Xiaomi will begin shipping a Sei-developed crypto wallet preloaded on most new smartphones.
- The renewed recovery in SEI price could face strong resistance from a downsloping trendline at $0.155.
SEI, the native cryptocurrency of the Sei blockchain, jumps 6% during Wednesday’s U.S. market hours. The move comes amid a broader recovery in the crypto market as the Federal Reserve cuts interest rates by 25 bps, fitting market expectations. However, the SEI price outperforms a majority of major digital currencies today amid the recent partnership with the world’s third-largest smartphone manufacturer, Xiaomi, to pre-install a crypto wallet and discovery app on its new smartphones to boost crypto adoption.
Xiaomi to Pre-Install Sei Wallet on Global Smartphones
According to a recent press release, Xiaomi has agreed to pre-install a new cryptocurrency wallet and app with every new smartphone it sells in most markets worldwide, with the exception of mainland China and the United States. The software is developed by the Sei blockchain team and will be factory-loaded on devices in the coming months.
The app allows users to create a wallet using an existing Google or Xiaomi account. It is based on multi-party computation for private keys, and it goes directly to decentralized applications. People will be able to transfer money to one another or pay merchants when the payment features are ready.
Sei has also set aside five million dollars for a program that will give developers on its network money to build consumer-facing tools for mobile devices.
The companies plan on adding stablecoin checkout options later on. Customers would then be able to purchase phones, scooters, appliances, or even cars at Xiaomi’s physical stores and online shops using tokens like USDC that run natively on Sei. The first places to get this ability to make payments are expected to be Hong Kong and EU countries around mid-2026, followed by other regions where regulators allow it.
Xiaomi shipped 168 million phones last year and has large shares in many emerging markets: approximately one in four phones in India and more than one in three in Greece, for example. The pre-install means that the wallet will be on millions of new devices without users having to search for a wallet or download anything separately.
Existing Xiaomi owners who live outside the restricted areas will be faced with ads and prompts to install the same app.
The partnership is the first time a major phone maker has agreed to ship the wallet of a specific blockchain on all its new devices in most of the world.
SEI Price Enters Fresh Recovery With H&S Pattern
The ongoing correction trend in SEI price has recently stabilized above the $0.12 mark. As a result, the price trajectory shifted sideways, creating a short contradiction between the newfound support and a horizontal resistance of $0.145.
An analysis of the four-hour chart shows the lateral trend developed into a classic bullish reversal pattern called an inverted head and shoulders. The chart setup is characterized by three troughs, i.e., a left shoulder, a middle head, and a right shoulder.
With today’s price jump, the SEI price gave a decisive breakout from the pattern’s neckline resistance of below $0.143, offering buyers suitable support to drive further recovery.
The coin price also reclaimed the 4-hour exponential moving averages of 20, 50, and 100, reinforcing the bullish sentiment in the market.
However, the intraday volatility could retest the breached trendline and validate price stability for further rally. The post-breakout rally could drive a 14.5% growth and reach the $0.165 level.
