Sei (SEI) is currently priced at $0.119765, exhibiting a minor decline of 1.47% over the last 24 hours. The daily trading range has been narrow, with a high of $0.121589 and a low of $0.119633, reflecting subdued market activity.

The trading volume stands at approximately 25.38 million, representing 3.27% of its market capitalization, indicating moderate investor interest. However, the short-term moving averages are trending downward, with the 8 SMA at $0.1211 and the 13 SMA at $0.1208, both showing negative changes.

The 1-hour RSI is at 40, suggesting the asset is approaching oversold territory, while the 7-day RSI at 48 shows it is near neutral but not yet showing bullish momentum. Over the past week, SEI's price has dropped by 1.48%, but it has gained 2.35% over the last 14 days, indicating some resilience in the medium term.

In terms of longer-term trends, the 30-day price change is a concerning -8.42%, showing a significant downtrend over the past month. The all-time high remains notably distant at $1.14, achieved earlier this year, highlighting the current price's significant depreciation from peak levels.

Considering the current price action, moving averages, and RSI indicators, the market sentiment appears cautious. While there are signs of potential stabilization, the overall bearish trend over the past month and the proximity to oversold conditions suggest limited upside in the short term.

Given this analysis, I recommend a Hold rating on SEI. This position allows for potential recovery if market conditions improve, but investors should remain cautious due to the ongoing downtrend and lack of bullish signals.