Sei (SEI) is currently priced at $0.130619, reflecting a 24-hour change of -1.34511%. The daily trading range has been relatively narrow, with a high of $0.134132 and a low of $0.128901, indicating a slight bearish sentiment in the short term.

The volume over the last 24 hours stands at approximately 68,217,934, translating to a volume-to-market cap ratio of 8.19%. This volume suggests a moderate level of trading activity, but the decline in price over the past week (-20.64%) and the last 14 days (-27.82%) signals weakening investor confidence.

In terms of moving averages, the 8-period SMA at $0.1306 indicates a very slight downward trend, while the longer-term averages show more significant declines, especially the 55 SMA at $0.1374 (-4.93%) and the 144 SMA at $0.1457 (-10.32%). The current RSI values reflect a neutral position at 45 for the hourly and a slightly bearish sentiment at 43 for the 7-day, indicating that SEI is nearing oversold territory.

The all-time high of $1.14, reached on March 16, 2024, underscores the potential for significant price appreciation; however, the current price represents a considerable drawdown from that peak. Given the recent negative price action and the bearish moving average trends, investors should exercise caution before committing new capital.

Considering the current market conditions, including the declining RSI and moving averages, a Hold rating is warranted. This strategy allows for observation of potential stabilization or recovery signals before making any new buying decisions, as entering at this moment could expose investors to further downside risk.