Sei (SEI) is currently priced at $0.119173, reflecting a 24-hour decline of 2.56%. The daily trading range has been narrow, with a high of $0.122662 and a low of $0.118758, indicating limited volatility in the short term.

The trading volume stands at approximately 22.57 million, representing a volume to market cap ratio of 2.86%. This suggests a relatively low trading activity compared to the market cap, which may indicate diminished investor interest at the current price levels.

Moving averages show a bearish trend, with the 8-period SMA at $0.1200, down 0.67%, and the longer-term 144-period SMA at $0.1218, down 2.12%. Additionally, the RSI is significantly low at 22 for the hourly chart, indicating an oversold condition, while the 7-day RSI of 49 suggests a neutral stance, reflecting mixed sentiment.

In terms of price momentum, SEI has experienced a 1.80% decline over the past week and a more pronounced drop of 5.02% over the past two weeks. However, the 30-day change shows a positive trend of 5.56%, indicating potential recovery from earlier lows.

Given that the all-time high was $1.14 in March 2024, current prices are substantially lower, presenting potential upside if the market conditions improve. However, the immediate technical indicators suggest a bearish outlook, as the price is below key moving averages and the low RSI indicates selling pressure.

In conclusion, the combination of short-term bearish momentum, low trading volume, and oversold conditions leads to a cautious approach. The recommendation for Sei (SEI) is a Hold, as investors should monitor for signs of recovery before considering any new positions.