The SEI price reflects ongoing selling pressure even as Sei’s Giga upgrade aims to boost transaction throughput and position the network for tokenized financial markets.
As of press time, SEI is changing hands at $0.05745, down 7.86% over the last 24 hours, based on the TradingView chart provided.
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The network’s goal of 200,000 transactions per second (TPS) provides a long-term development narrative, whereas technical indicators and falling total value locked (TVL) paint a contrasting picture of present market conditions.
Also Read: SEI Price Outlook Turns Bullish as Sei Network Announces New Development
Why Is the SEI Price Declining Even as Giga Advances?
The daily chart shows SEI trading beneath the $0.06073 level marked on the chart, with resistance around $0.06949. This most recent drop comes after an earlier rally toward $0.08 in late September, followed by a downward price trend through October.
The relative strength index (RSI) sits at 40.15, under its 48.62 average. This suggests weakening momentum, even though the RSI has yet to hit the conventional oversold threshold of 30.
The moving average convergence divergence (MACD) indicator likewise points to bearish momentum. The MACD line reads -0.00138, beneath the signal line at -0.00068, while the histogram shows -0.00070. Together, these readings indicate that bearish momentum remains in place on the chart.
Also Read: Sei Tokenized Asset Growth Accelerates as SEI Price Outlook Gains Attention
What Is Sei Giga Aiming For, and Why Could It Matter for SEI Price?
Per Sei’s official announcement, the Giga upgrade is designed to support 200,000 TPS. Its development encompasses Ares, a rebuilt execution engine, and Eidos, an upgraded storage architecture. Autobahn serves as the consensus component of the wider upgrade.
The first Ares and Eidos components started rolling out with Sei 6.6, according to the project’s July announcement. These changes are meant to enhance execution and storage as the network advances toward its throughput goal.
Sei’s October 22 social media post also underscored the tokenization opportunity, stating that Giga is “targeting 200,000+ TPS and finality under 250ms.” These figures reflect the project’s stated ambitions rather than verified current network performance.
Can Tokenization Underpin the SEI Price’s Long-Term Outlook?
According to the Tokenization 2030 report from Citi Institute, tokenized assets may hit $5.5 trillion by 2030 under its base-case projection. Adoption is expected to be driven in part by public-market securities and liquid collateral, such as equities and US Treasuries.
This projection offers wider context for Sei’s emphasis on infrastructure built for tokenized markets. It does not determine how much of that market Sei might capture, nor whether growth in tokenization will boost demand for SEI.
Also Read: SEI Price Eyes $0.06 Recovery as Giga Upgrade Advances
What Does DeFiLlama Reveal About Sei’s Ecosystem and SEI Price Context?
The DeFiLlama chart provided indicates that Sei’s TVL fell from roughly $63–65 million in early June to about $31–32 million by October. This suggests that the total value locked in Sei’s DeFi ecosystem declined over the period shown.
The chart further reflects swings in DEX volume, active addresses and transactions. It does not determine whether the Giga upgrade was responsible for these shifts or whether upcoming upgrades will turn the TVL decline around.
What Should Traders Watch Next for the SEI Price?
SEI’s near-term technical outlook remains weak while the price trades below the marked $0.06073 level. A move above this level would offer an initial sign of recovery, while $0.06949 remains the next resistance indicated on the chart.
The wider outlook hinges on whether Sei advances along its Giga roadmap and whether ecosystem activity stabilizes. The data available does not confirm that either of these developments will trigger a price recovery.
Crypto markets stay highly volatile, so traders should watch price action, market sentiment and upcoming catalysts before deciding on investments.
Also Read: Sei Integrates Sedna to Strengthen Privacy as SEI Price Outlook Improves
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
