Sei (SEI) is currently trading at $0.140526, reflecting a notable decline of 7.50% over the past 24 hours. The daily trading range has been tight, with a high of $0.151915 and a low of $0.140318, indicating reduced volatility in recent trading sessions.

Trading volume stands at approximately 97.55 million, representing about 10.90% of the market cap, which suggests moderate interest from traders but may not be sufficient to drive a significant recovery. The short-term moving averages show bearish momentum, with the 8 SMA at $0.1474 and the 13 SMA at $0.1476, both indicating a downward trend over the past days.

The 1-hour Relative Strength Index (RSI) is critically low at 24, signaling oversold conditions and potential for a rebound if buying interest returns. However, the 7-day RSI at 42 indicates continued bearish pressure and lack of momentum to push prices higher in the short term.

Over the past week, Sei has lost nearly 18%, while the 14-day and 30-day price changes are down by approximately 16.52% and 29.24%, respectively, emphasizing the overall bearish trend since reaching its all-time high of $1.14 in March 2024. This sustained downward movement reflects weak market sentiment and suggests that traders are currently hesitant to engage.

Given the current price near critical support levels, alongside oversold RSI readings, a cautious approach is warranted. While there is potential for a short-term recovery, the prevailing trend remains bearish, suggesting that investors should hold their positions for now until clearer bullish signals emerge.

Rating: Hold. The market conditions indicate that while a rebound is possible, the lack of significant buying pressure and ongoing downtrend suggest waiting for more favorable indicators before making any purchasing decisions.