Sei (SEI) is currently priced at $0.064368, reflecting a significant decline of 6.26% over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.06954 and a low of $0.063429, indicating a market under pressure and volatility.

Trading volume stands at approximately 42.44 million, with a volume-to-market cap ratio of 9.79%, suggesting a moderate level of liquidity. This ratio, combined with the recent price drop, points to a potential lack of investor confidence in the short term.

Technical indicators reveal a bearish sentiment, particularly with the 1-hour RSI at 21, indicating oversold conditions and potential for further downside. The 7-day RSI at 45 suggests a neutral trend, but the continued negative price changes over the last 7 days (-9.90%), 14 days (-16.73%), and 30 days (-35.92%) further highlight the overall bearish market sentiment.

Moving averages also reinforce this bearish outlook; the 8 SMA at $0.0660 shows a decline of 2.46%, while longer-term SMAs (55 SMA at $0.0695 and 144 SMA at $0.0685) exhibit greater declines of 7.34% and 6.01%, respectively. These trends suggest resistance at higher price levels and an ongoing struggle for upward momentum.

Given the significant price drop from its all-time high of $1.14 in March 2024, the current price represents a substantial decrease, which may attract bottom-fishing investors in the long term. However, the overall market conditions and technical indicators suggest that further downside risk remains.

In conclusion, based on the current data, Sei (SEI) carries a bearish sentiment with the potential for further declines in the near term. Therefore, the recommendation is to Hold until clearer bullish signals or stabilization in the price trend emerge, as the current market conditions do not favor aggressive buying at this time.