Sei (SEI) is currently trading at $0.069321, showing a slight decline of 1.799% over the past 24 hours. The daily trading range has been between a low of $0.068203 and a high of $0.071963, indicating a constrained volatility period with a daily range of only 0.00376%.

Trading volume stands at 37,022,902, which translates to a volume-to-market cap ratio of 7.93%. This relatively low volume suggests a cautious market sentiment, especially as the price has decreased by 3.07% over the past week and 8.41% over the last 14 days, indicating a bearish trend in the short term.

In terms of moving averages, the 8 SMA and 13 SMA show slight upward momentum, suggesting a potential short-term recovery, while the longer-term 21 SMA and 55 SMA indicate bearish pressure. The 1-hour RSI is currently at 38, approaching the oversold territory, while the 7-day RSI is at 49, indicating neutral momentum but leaning bearish.

The all-time high for SEI is $1.14, achieved on March 16, 2024, suggesting significant room for price recovery from current levels. However, the current price represents a substantial decline from that peak, highlighting the need for cautious evaluation given the overall downtrend over the last month, which saw a 34.40% price decrease.

Given the technical indicators pointing towards short-term resistance and the bearish sentiment observed in recent price changes, it may be prudent to adopt a hold strategy at this juncture. The absence of clear bullish signals and the proximity to oversold levels suggest that potential buyers should wait for a more definitive upward trend before committing new capital.