Sei (SEI) is currently priced at $0.11866, experiencing a slight decline of 0.82% over the past 24 hours. The daily trading range has been relatively narrow, fluctuating between a low of $0.118077 and a high of $0.123466, indicating limited volatility in the short term.

Trading volume over the last 24 hours stands at approximately 44.36 million SEI, representing 5.75% of its market cap. This volume is moderately healthy but suggests a lack of significant buying pressure to drive prices upward, especially considering the downward price trend over the past week.

Technical indicators reveal a bearish sentiment, with the 1-hour RSI at 31 indicating oversold conditions, which could lead to a potential short-term bounce. However, the 7-day RSI at 42 shows continued weakness, and all hourly moving averages are trending negatively, reinforcing bearish momentum.

From a price performance perspective, SEI has seen a 7-day price change of -7.84%, alongside a more significant 30-day decline of -8.03%. While the 14-day price change is slightly positive at 4.50%, this may not be sufficient to reverse the downward trend as current prices remain significantly below the all-time high of $1.14 reached in March 2024.

Given the overall bearish trend, the lack of strong buying volume, and the poor performance of moving averages, the current market conditions do not favor a bullish outlook for SEI. Therefore, the recommendation is to hold SEI at this time, monitoring for signs of stabilization or reversal before considering new positions or further investment.