Sei (SEI) is currently priced at $0.126255, reflecting a significant 7.01% decrease over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.136404 and a low of $0.125063, indicating consolidation below key resistance levels.

Volume over the last 24 hours stands at approximately $61.79 million, constituting 7.67% of the market cap. This volume, while substantial, has not translated into upward price momentum, as evidenced by the recent declines in the 7-day RSI at 46 and the 1-hour RSI at 27, both signaling bearish pressure.

Short-term moving averages confirm a downtrend, with the 8 SMA at $0.1275 showing a decline of 0.97%, and longer-term averages such as the 55 SMA and 144 SMA indicating even steeper declines of 7.10% and 5.59%, respectively. The moving average convergence suggests that SEI may continue to face selling pressure unless a reversal occurs.

Over the last 30 days, SEI has dropped approximately 23.90%, indicating a longer-term bearish trend. The price is significantly below its all-time high of $1.14, reached on March 16, 2024, which further emphasizes the current market's weakness and the challenges facing the asset.

Given the current technical indicators, including the low RSI levels and the downward trend in moving averages, the outlook for Sei is negative. Therefore, a Sell rating is warranted, as further downside appears likely until there is a clear shift in momentum or market sentiment.