Sei Treads Water Ahead of Giga Upgrade and 200k TPS Leap

The Layer 1 token Sei (SEI) is testing a key floor near $0.06 as traders weigh whether the upcoming Giga upgrade can spark a recovery toward $0.20.

SEI has been trading at around $0.0636 after a quarter that extended a bearish trend running since 2025, with its market capitalization sitting near $451 million and daily volume around $45 million.

The token broke below the $0.10 psychological support during the first quarter of 2026 and now sits inside a multi-year falling wedge.

Analysts at Coinpedia argue that this wedge has been shaped by three clear resistance touches, with the most recent in September 2025, and see price gravitating toward $0.020, where selling could finally exhaust itself.