Sei (SEI) is currently trading at $0.128898, experiencing a 24-hour decline of 2.95%. The asset has shown a daily range of $0.007158, with a high of $0.134251 and a low of $0.127093, indicating limited volatility in the short term.

Trading volume stands at approximately 71.42 million, contributing to a volume-to-market cap ratio of 8.69%. This relatively high volume suggests some market interest but may also reflect profit-taking behavior given the recent price drop.

The moving averages reveal a bearish trend in the short to medium term. The 8 SMA at $0.1284 is marginally positive at +0.41%, while the 13 SMA at $0.1299 and the 21 SMA at $0.1310 are showing negative trends of -0.80% and -1.62% respectively, indicating that the price is below these key support levels.

Technical indicators provide additional insight into market sentiment. The 1-hour RSI at 37 indicates oversold conditions, which could suggest a potential reversal in the short term, while the 7-day RSI at 50 indicates a neutral stance, reflecting a lack of strong momentum either way.

In terms of price performance, Sei has had a 7-day increase of 2.17%, but it has also suffered a 14-day decline of 6.12% and a significant 30-day drop of 26.61%. This mixed performance reflects underlying volatility and a potential bearish sentiment prevailing over the longer term.

Given the asset's proximity to recent lows and the mixed technical signals, a cautious approach is warranted. The price is significantly below its all-time high of $1.14, suggesting substantial room for recovery, but the current technical indicators do not strongly support a bullish outlook.

Rating: Hold. The market shows signs of potential stabilization, but the absence of bullish momentum and recent negative price action indicates that investors should wait for clearer signals before considering a buy.