Currently, Sei (SEI) is trading at $0.071963, reflecting a 4.32% decline over the last 24 hours. The daily price range has been narrow, fluctuating between a high of $0.075256 and a low of $0.071996, indicating reduced volatility in recent trading sessions.

Trading volume stands at approximately 29.82 million, with a volume-to-market cap ratio of 6.15%, suggesting decent liquidity but not overwhelming trading interest. The short-term moving averages show a bearish trend, with the 8 SMA at $0.0725 down 0.74% and the 13 SMA at $0.0726 down 0.92%, indicating potential downward pressure on price.

The 1-hour RSI is critically low at 21, suggesting oversold conditions that may lead to a short-term rebound, while the 7-day RSI at 46 indicates that SEI is nearing neutral territory. However, the longer-term momentum is concerning, as evidenced by a 14-day price change of -11.38% and a 30-day decline of -33.44%, signaling sustained selling pressure.

The all-time high for Sei was at $1.14, reached on March 16, 2024, which implies significant distance from the current price. This further highlights the need for robust recovery signals before considering any bullish positions.

Given the current technical indicators and the overall bearish trend, the recommendation is to Hold. Although short-term indicators may suggest a possible bounce, the overall momentum is negative and may not support a solid recovery in the near term. Holding positions allows for reevaluation as market conditions evolve, particularly if the price approaches key support levels.