Sei (SEI) is currently trading at $0.085106, reflecting a slight decline of -0.22164% over the past 24 hours. The daily price range has been relatively tight, with a high of $0.08917 and a low of $0.082891, indicating limited volatility.

The volume over the past 24 hours stands at 58,395,062, contributing to a volume-to-market cap ratio of 10.37%. This suggests a moderate trading interest, though the recent price action indicates that sellers have been more active than buyers.

Technical indicators reveal bearish momentum with all short-term moving averages (8, 13, and 21 SMA) showing losses ranging from -2.36% to -6.96%. The longer-term moving averages, particularly the 55 and 144 SMAs, also indicate a persistent downtrend, suggesting that sentiment remains negative.

The Relative Strength Index (RSI) metrics further support this view, with the 1-hour RSI at 46, which is neutral, while the 7-day RSI at 36 indicates that the asset is approaching oversold conditions. Furthermore, the 7-day, 14-day, and 30-day price changes show significant declines of -19.65%, -28.64%, and -29.03%, respectively, indicating a consistent downward trend over the past month.

Despite the asset's all-time high of $1.14 reached in March 2024, current price levels reflect a substantial correction. The ongoing bearish momentum and poor RSI readings suggest that a reversal may not be imminent, warranting caution among investors.

Given the current technical and fundamental data, a Sell rating is appropriate. The market conditions are unfavorable, and further downside appears likely as selling pressure persists and key moving averages remain in a downtrend.