Sei (SEI) is currently trading at $0.172605, reflecting a 2.64% increase over the past 24 hours. The price has oscillated between a daily high of $0.17369 and a low of $0.165991, indicating a tight daily range of 0.007699%, which suggests some consolidation in price action.

The volume over the last 24 hours stands at approximately 42,094,657 SEI, representing a volume-to-market cap ratio of 4.78%. This relatively low ratio, combined with the current price, indicates a cautious trading environment and may point to limited liquidity, impacting large trades and price volatility.

Technical indicators reveal a mixed sentiment; the 1-hour RSI is at 72, indicating potential overbought conditions, while the 7-day RSI sits at 47, suggesting neutrality. The short-term moving averages (8, 13, 21, and 55 SMA) show positive trends, with the 8 SMA reflecting a gain of 0.77%, while the longer-term 144 SMA is down by 0.62%, which may signal a bearish divergence.

On a broader scale, the 7-day price change is up by 9.87%, indicating recent positive momentum, while the 30-day price change shows a decline of 14.55%. This divergence suggests that while there may be short-term upward movement, long-term trends remain bearish, likely due to market corrections after previous highs.

Given Sei’s all-time high of $1.14 reached in March 2024, the current price reflects a significant retracement from its peak. This context, combined with mixed technical signals and a cautious trading volume, suggests a careful approach to trading SEI at this stage.

In conclusion, the analysis indicates a Hold rating for Sei (SEI). The recent upward momentum may provide short-term trading opportunities, but the overbought conditions and bearish longer-term trends warrant caution against aggressive buying.