As the overall crypto market enters a correction cycle, Sei (SEI)'s price performance continues to be under pressure. After reaching a high of $1.00 in early 2024, the SEI price experienced multiple failed rebounds, gradually forming a clear descending wedge pattern. Entering 2025, its failure to hold the key support level of $0.30 marked the failure of traditional horizontal support, and market sentiment turned to a stronger bearish outlook.
In the first quarter of 2026, SEI further broke through the psychological barrier of $0.10, hitting a low of $0.064. Entering March, if it fails to stabilize in the $0.060–$0.064 range, the price may continue to fall to the deep demand zone of $0.040 or even $0.020. This area, as the lower edge of the descending wedge, is considered a key node for bulls and bears to contend. Once buyers form effective support in this area, it is very likely to trigger a technical rebound, pushing the price back to the $0.10–$0.12 range, which is the intersection of the upper and lower boundaries of the wedge structure.
Observed from the weekly level, the two surges in 2024—one breaking through $1.00 and the other blocked near $0.70—were quickly digested by a large number of sell orders, indicating that market selling pressure continues to suppress the upward space. After 2025, the price fluctuation range further narrowed, forming a triple top structure, with the most recent resistance appearing in September 2025, reinforcing the market consensus dominated by shorts.
The current price is gradually approaching the extreme support zone of $0.020, which not only represents a historically dense trading volume area, but may also be the turning point where selling power is exhausted. If it successfully stabilizes, it will lay the foundation for a subsequent rebound, with targets potentially pointing to $0.10 and $0.20. In an extremely optimistic scenario, if market sentiment reverses and is accompanied by major project upgrades (such as the Giga upgrade), SEI may even retest the previous low resistance level of $0.30.
Looking ahead to 2027 to 2030, SEI's long-term trend is highly dependent on its ecological development and on-chain activity growth. If the Giga upgrade can significantly increase transaction throughput, reduce Gas costs, and attract more DeFi News protocols and applications to migrate to the Sei network, it cannot be ruled out that its price will usher in a structural recovery after 2028. Conversely, if ecological progress is slow and liquidity continues to flow out, the price may fluctuate in the $0.02–$0.05 range for a long time.
Investors need to pay attention to on-chain data, core protocol launch dynamics, and changes in overall market risk preferences, and avoid making decisions based solely on technical patterns. In the current high-volatility environment, rationally assessing the project's fundamentals and long-term value is the key to sound investment.