Sei (SEI) is currently priced at $0.111697, reflecting a slight decline of 0.8411% over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.113624 and a low of $0.110626, indicating low volatility in the current market environment.

The trading volume stands at approximately 32.69 million, contributing to a volume-to-market cap ratio of 4.51%. This suggests moderate trading activity, but the price decline and low RSI readings may indicate a lack of strong buying momentum.

Technical indicators reveal mixed signals, with the 1-hour RSI at 53, suggesting a neutral market condition. However, the 7-day RSI of 43 indicates potential weakness, as it is approaching the oversold territory, while the 14-day and 30-day price changes show significant declines of over 13% and 23% respectively, indicating ongoing bearish sentiment.

Moving averages present a conflicting picture; the 8 SMA shows a slight uptick of 0.20%, while longer-term averages like the 144 SMA have declined by 3.46%. This inconsistency suggests that short-term traders may see potential for minor gains, but longer-term trends remain negative.

Given the significant drop in price over the past month and the current technical indicators pointing to bearish sentiment, it is advisable to adopt a cautious stance. With the price still far from its all-time high of $1.14, and the overall market showing signs of weakness, the recommendation is to Hold for the time being, monitoring for potential entry points if momentum shifts positively.