Sei (SEI) is currently trading at $0.108247, reflecting a 24-hour decline of 5.26%. The daily trading range has been narrow, between a high of $0.115922 and a low of $0.107862, indicating a lack of volatility amid selling pressure.

The trading volume stands at approximately 78.07 million, representing 11.11% of the market cap. This relatively high volume combined with the recent price drop suggests that sellers are dominating the market, and momentum is shifting negatively as indicated by the hourly and 7-day RSI both sitting at 39, signaling oversold conditions.

The short-term moving averages (8 SMA at $0.1134, 13 SMA at $0.1126) reflect a downward trend with respective declines of 4.53% and 3.84%. The longer-term moving averages, especially the 144 SMA at $0.1216 with a decline of 10.98%, indicate that the price is below its longer-term support levels, reinforcing bearish sentiment.

In the past week, SEI has dropped nearly 17.90%, and it has experienced a 30-day decline of approximately 28.79%. The combination of significant downward price movement over multiple time frames and the current technical indicators suggests a continuing bearish trend.

Given the current price action, momentum indicators, and the proximity to key moving averages, the market sentiment is bearish. Thus, the recommendation is to Hold SEI for now as it appears to be in a corrective phase, and potential buyers might look for lower entry points as further downside could occur before any reversal materializes.