SEI is showing signs of a potential bullish reversal after prolonged consolidation, while fading selling pressure could support stronger momentum. Meanwhile, Sei’s Giga upgrade aims to enhance scalability, execution, and network performance, potentially strengthening the blockchain’s long-term growth prospects.
At the time of writing, SEI is trading at $0.04604 with a 24-hour trading volume of $11.68 million and a market capitalization of $343.51 million. Following the positive momentum, the SEI price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: SEI Price Eyes 2,500% Rally as Mastercard Partnership Boosts Bullish Outlook
SEI Price Breakout Setup Points to $0.94 Rally
According to the crypto analyst Flippix, SEI is holding near the lower end of its broader trading range after months of price compression, keeping the token largely out of the spotlight.
However, repeated activity around the same zone suggests buyers and sellers are actively defending this area. If selling pressure continues fading, the current consolidation could eventually develop into a meaningful bullish reversal.
Source: Flippix’s X Post
The level at $0.38 is viewed as the initial target for any potential gains, while $0.74 and even above $0.94 should follow if the strength of momentum increases.
It looks like the risk-to-reward ratio around these levels is better now than at the top of SEI’s trading range. However, the above levels remain just theoretical until a breakout occurs.
Sei Targets 200K TPS With New Giga Upgrade
The data from BSCN further highlighted that Sei Network is currently undergoing an overhaul of its blockchain with the Giga upgrade, which is aiming to process in excess of 200,000 transactions per second while achieving finality within 400 milliseconds.
The upgrade includes three separate protocols, namely Autobahn, Ares, and Eidos, that are used in the process of consensus, execution, and storage, respectively.
Both Ares and Eidos are currently in the process of going live, the first major steps towards rolling out Giga.
While Eidos is responsible for segregating the EVM state from the rest of the blockchain state data, Ares increases transaction execution efficiency. Autobahn is yet to be developed but is the primary way forward to achieve the desired performance of Sei.
What Happens Next for SEI?
What is expected of SEI from now on will be dictated by an eventual breakout and volume increases. The traders will watch out for the resistance levels.
The successful implementation of Sei’s Giga upgrade might help to build the market sentiment. But if the network performance and demand increase, SEI may gain some momentum and go up higher.
Also Read: SEI Price Faces $0.05285 Resistance After August Recovery
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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