Sei (SEI) is currently priced at $0.070252, reflecting a 24-hour decline of 1.56%. The daily range has been tight, with a high of $0.071793 and a low of $0.070056, suggesting limited volatility in the short term.

The trading volume over the last 24 hours stands at approximately 24.5 million, resulting in a volume-to-market cap ratio of 5.18%. This indicates a moderate level of trading activity, which is relatively stable but does not suggest strong bullish sentiment given the recent price drop.

Technical indicators reveal that the short-term moving averages are all trending below the current price, with the 8 SMA at $0.0709 showing a decline of 0.85%. The RSI readings indicate oversold conditions, with the 1-hour RSI at 27 and the 7-day RSI at 43, further corroborating bearish momentum and potential for a price correction.

From a fundamental perspective, Sei's price has experienced significant declines over the past month, with a 30-day change of -35.03%. The asset's all-time high of $1.14, reached earlier this year, creates a stark contrast to its current valuation, indicating a substantial retracement and potential investor caution.

Given the current market dynamics, including the negative short-term trends, overbought RSI levels, and recent price performance, the outlook for Sei remains bearish. The combination of persistent downward pressure and technical indicators suggests further declines could occur in the near term.

Recommendation: Sell. The current technical setup and bearish sentiment indicate a lack of immediate upside potential, and investors may want to exit positions until clearer signs of recovery emerge.