Sei (SEI) is currently priced at $0.137724, reflecting a slight decline of 0.57314% over the past 24 hours. The daily price range has been relatively tight, with a high of $0.142252 and a low of $0.137091, indicating limited volatility.

The trading volume stands at 69,668,208, representing 7.95% of the market cap, suggesting active trading but not excessively high for a notable price move. The moving averages indicate a bearish trend, with short-term SMAs (8, 13, 21) all below the current price, while longer-term SMAs (55, 144) show a slight upward trend, which could provide support around $0.1363 and $0.1346.

The 1-hour RSI is at 38, indicating that SEI is nearing oversold territory, which could suggest a short-term rebound is possible. However, the 7-day RSI at 48 reflects a lack of momentum, while the 7-day and 14-day price changes of -1.86% and -8.03%, respectively, highlight a declining trend over the recent weeks.

Considering the all-time high of $1.14 reached on March 16, 2024, SEI is significantly below that level, which poses a risk for bullish sentiment. The persistent downward pressure and recent price declines over the last month (-14.48%) further compound the bearish outlook.

Based on the current technical indicators and price action, a cautious approach is warranted. The market sentiment appears weak, and with the indicators not showing any immediate signs of reversal, the recommendation is to Hold SEI for the time being. This strategy allows for potential upside if a bullish reversal occurs, while avoiding new positions in a clearly down-trending market.