Sei (SEI) is currently priced at $0.089411, reflecting a 24-hour change of 1.12%. The daily trading range has been relatively tight, with a high of $0.092143 and a low of $0.083294, indicating moderate price stability amid a volume of 65,366,845, which constitutes 11.04% of its market cap.

Technically, the moving averages present a mixed picture. The 8 SMA at $0.0887 shows a slight positive trend of 0.84%, while the 13 SMA at $0.0896 has decreased by 0.21%, suggesting short-term indecision. The longer-term averages, however, are more concerning; the 144 SMA at $0.0928 has a notable decline of 3.65%, indicating that the broader trend may be bearish.

The Relative Strength Index (RSI) metrics further illustrate weakness in momentum. The 1-hour RSI is at 48, indicating neutrality, but the 7-day RSI of 40 suggests the asset is nearing oversold territory, which could trigger a potential rebound. However, the price has seen significant declines over the past 7 days (-16.75%), 14 days (-16.43%), and 30 days (-27.80%), reflecting a prolonged downtrend.

Fundamentally, the all-time high of $1.14 achieved in March 2024 looms as a distant target, and the current price represents a significant depreciation from that peak. The consistent downward pressure and lack of bullish momentum indicators suggest that investors may be cautious about entering new positions at this time.

Given the technical indicators, market sentiment, and recent price action, a Hold rating is warranted. While there is potential for short-term trading opportunities, the overall trend indicates that caution is advisable, as the asset may need to stabilize further before any upward momentum can be reliably established.