Sei (SEI) is currently trading at $0.104701, reflecting a 1.70% decline over the past 24 hours. The price remains close to the daily low of $0.104703, indicating a lack of bullish momentum within this timeframe.

The trading volume stands at approximately 29.6 million, which represents 4.27% of the market cap, suggesting moderate trading activity. However, the hourly moving averages reveal a consistent downtrend, with all short-term SMAs (8, 13, 21) around $0.1065 showing negative percentage changes, reinforcing bearish sentiment.

The 1-hour RSI at 35 indicates that SEI is nearing oversold conditions, which may attract some buyers looking for potential reversals. Yet, the 7-day RSI at 47 shows that the asset is still in a neutral zone, implying that it lacks strong upward momentum at this stage.

In the last week, SEI has decreased by 4.31%, while the 14-day and 30-day changes show more significant declines of 15.05% and 7.91%, respectively. These figures confirm a persistent downtrend, suggesting that investor sentiment has turned negative over both the short and medium terms.

The all-time high of $1.14 reached in March 2024 seems distant, and the current price reflects a substantial decline from that peak. Given the ongoing negative price action and lack of bullish signals, investors may be cautious about entering positions at this time.

Based on the current technical indicators, volume data, and recent price action, a Sell rating is recommended. The prevailing downtrend and bearish sentiment outweigh any potential for a short-term rebound, suggesting that further declines may occur before a reversal can be convincingly established.