Sei (SEI) is currently priced at $0.133019, reflecting a significant decline of 12.29% over the past 24 hours. The daily trading range has been narrow, with a high of $0.153115 and a low of $0.128578, indicating high volatility but a lack of strong upward momentum.

Trading volume stands at 155,633,340, which translates to a volume-to-market cap ratio of 18.37%, suggesting active trading relative to its market capitalization. However, the declining price and the 24-hour change signal a bearish sentiment, with the 1-hour RSI at 25 indicating oversold conditions, while the 7-day RSI at 40 suggests further weakness.

All short-term moving averages are trending downwards, with the 8 SMA at $0.1374 and showing a loss of 3.18%, indicating consistent selling pressure. The 144 SMA is significantly higher at $0.1521, which aligns with the recent high, underscoring resistance in the near term.

The recent price action reflects a longer-term downtrend, with the 7-day, 14-day, and 30-day price changes at -17.95%, -16.05%, and -29.84%, respectively. This persistent decline from the all-time high of $1.14 suggests that market confidence is waning, with current levels lacking the support necessary to reverse this trend.

Given the current bearish technical indicators and the ongoing downtrend, a cautious approach is warranted. The combination of oversold conditions and resistance levels indicates that while a short-term bounce could occur, the overall trend remains negative.

Rating: Sell. The ongoing price decline, lack of upward momentum, and technical indicators suggest that further downside risk is likely before a potential recovery can be considered.