Sei (SEI) is currently trading at $0.110198, reflecting a significant decline of 8.02% over the last 24 hours. The daily range has been relatively tight, with a high of $0.120243 and a low of $0.108707, suggesting weak momentum and potential selling pressure.

Volume over the past 24 hours stands at 69,074,385, representing 9.48% of the market cap, indicating a decent level of trading activity but not enough to counter the recent downward trend. The hourly moving averages (8, 13, 21, 55, and 144 SMA) all show losses between 7.78% to 9.49%, reinforcing a bearish sentiment in the short to medium term.

The 1-hour RSI is critically low at 17, suggesting that SEI is heavily oversold in the immediate timeframe, which could prompt a short-term rebound. Conversely, the 7-day RSI at 45 indicates a lack of strong bullish momentum, and both the 7-day and 14-day price changes reflect a persistent downtrend of approximately 10.75% and 11.09%, respectively.

Historically, SEI reached an all-time high of $1.14 in March 2024, which underscores the potential for recovery in a more favorable market environment. However, the current price action does not yet reflect a reversal, as the 30-day price change is also negative at -1.44%.

Given the current oversold conditions indicated by the RSI and the potential for short-term recovery, a cautious approach is warranted. Therefore, the rating for Sei (SEI) is a Hold, as investors may want to observe for signs of stabilization before committing to new positions.