SEI rallies 30% in June, defying Bitcoin's drop, eyeing further gains if US inflation data is favorable.

SEI surged 30% in June after hitting a low of $0.044, decoupling from Bitcoin's recent weakness. The rally was driven by ecosystem catalysts, a short squeeze, and anticipation of SEI's Giga upgrade. The next resistance is at $0.06, with potential to reach $0.07 if US inflation data eases fears of further Fed rate hikes. Investors are watching inflation data closely as it will influence SEI's ability to sustain or extend its recovery.