Sei (SEI) is currently trading at $0.064601, having experienced a significant decline of 9.49% over the past 24 hours. The daily trading range shows a narrow fluctuation between a high of $0.071384 and a low of $0.064718, indicating a lack of volatility in the current market environment.

The trading volume of 37,363,740 reflects a volume-to-market cap ratio of 8.59%, suggesting a relatively active trading environment despite the price downturn. The hourly moving averages indicate a consistent downward trend, with the 8 SMA at $0.0691 down 6.49%, and all other SMAs also reflecting losses, underscoring bearish momentum.

The 1-hour RSI is at an extremely low level of 22, indicating oversold conditions, which may suggest a potential short-term rebound. In contrast, the 7-day RSI at 44 points towards a lack of bullish momentum, as it remains below the neutral threshold of 50, while both the 14-day and 30-day price changes show notable declines of -14.81% and -38.38%, respectively.

Fundamentally, the all-time high for SEI was recorded at $1.14 in March 2024, highlighting the potential for recovery if market conditions improve. However, the significant drop from this peak raises concerns regarding the underlying strength of the asset, particularly given the recent price action.

Given the current oversold conditions and the potential for a short-term bounce, SEI may present a buying opportunity for traders looking to capitalize on a rebound. However, the persistent bearish trend and high volatility suggest caution, leading to a Hold rating as a conservative approach until clearer bullish signals emerge.