Sei (SEI) is currently trading at $0.126806, reflecting a significant 24-hour decline of 7.84%. The daily price range has been relatively tight, with a high of $0.138572 and a low of $0.126403, indicating a bearish trend as the price is closer to the lower end of this range.

The volume over the past 24 hours stands at approximately 58.49 million, representing 7.26% of the market cap, which suggests moderate trading activity. The hourly moving averages indicate a downtrend, with the 8 SMA at $0.1343 showing a decline of 5.60% from the current price, reinforcing negative market sentiment.

The Relative Strength Index (RSI) for the hour is critically low at 17, indicating oversold conditions, while the 7-day RSI at 46 suggests that the asset is nearing neutral territory but still trending downward. Over the past week, the price has decreased by approximately 10.44%, and the longer-term metrics show a 30-day price drop of about 23.81%, highlighting sustained bearish pressure.

The all-time high for SEI remains significantly distant at $1.14, recorded in March 2024, which may create a psychological barrier for traders. Current market dynamics, characterized by consistent sell-offs and low RSI levels, suggest that any potential recovery might be weak and should be approached with caution.

Given the current bearish indicators, including declining moving averages and low RSI readings, a "Sell" rating is warranted. The significant price drop and overall market sentiment indicate further downside risk before any potential recovery, making it advisable to exit positions until stronger bullish signals emerge.