Market Overview for SEIBNB on 2025-09-14

• • •

• SEIBNB declines 0.66% over 24 hours, closing below key support at 0.0003673.
• High volatility seen in early evening ET, with a sharp sell-off from 0.0003721 to 0.0003586.
• RSI suggests oversold conditions, but volume remains weak, raising divergence concerns.
• Bollinger Bands contract in late trading, hinting at a possible breakout.
• Inverse head-and-shoulders pattern forms on 15-minute chart, with potential for a rebound.

Sei/BNB (SEIBNB) opened at 0.0003683 on 2025-09-13 12:00 ET, reached a high of 0.0003721, and closed at 0.0003622 on 2025-09-14 12:00 ET. The pair dipped to a low of 0.0003583 during the session. Total volume over the past 24 hours was approximately 28,657.7, with a turnover of 96 ticks.

Structure & Formations

The 24-hour period featured a bearish engulfing pattern around 0.0003685 to 0.0003672, indicating a reversal in bullish momentum. A potential inverse head-and-shoulders formation emerged as price peaked at 0.0003721 before breaking a support at 0.0003673. A bullish doji appeared near the 0.0003673 level, hinting at a possible short-term reversal. A key support zone appears between 0.000362 and 0.0003586, with a critical test of this level in the last candle before close.

Moving Averages

Price traded below the 20-period (0.0003674) and 50-period (0.0003678) moving averages on the 15-minute chart, reinforcing bearish momentum. Daily MAs show a bearish bias, with the 50-period MA at 0.0003669 and the 200-period MA at 0.0003635. A short-term rebound may find resistance at the 20-period MA if volume increases.

MACD & RSI

MACD crossed into negative territory, with the signal line dragging the price down, supporting a bearish outlook. RSI hit the 29 level in the final hours, suggesting oversold conditions. However, volume failed to confirm this strength, raising the possibility of a false recovery. A break above 0.0003621 may trigger a temporary bounce, but a sustained move above 0.000363 would be needed to signal a trend reversal.

Bollinger Bands

Volatility contracted significantly during the night session as price approached the lower band, particularly in the 04:00–06:00 ET timeframe. The tight band suggests a potential breakout or continuation move. Price is currently sitting near the lower band at 0.0003621–0.0003622, with the 15-minute period showing signs of a potential bounce off the band.

Volume & Turnover

Trading volume spiked during the sell-off from 0.0003721 to 0.0003621, particularly around 00:00–03:00 ET. Notional turnover confirmed the bearish move, with large volumes during the 00:00–02:00 ET window. However, volume dried up in the final hours of the session, with a lack of confirmation for the RSI's oversold bounce. This divergence suggests a lack of conviction in any near-term reversal.

Fibonacci Retracements

Key retracement levels were observed on the 15-minute chart during the 0.0003721 to 0.0003621 decline. A 38.2% retrace appears near 0.0003658, while the 61.8% level is at 0.0003647. Price appears to have rejected the 61.8% level, indicating a potential stall in the decline. A break below 0.0003621 could target the next Fibonacci level at 0.0003596.

Backtest Hypothesis

A potential backtesting strategy could involve entering a long position on a bullish breakout above the 61.8% Fibonacci level at 0.0003647, with a stop-loss placed below the 38.2% level at 0.0003658. A target of 0.0003673 aligns with the 15-minute support zone and the 20-period moving average. Volume confirmation is critical in this strategy, as the previous bounce lacked conviction. This approach could be refined using MACD crossovers and RSI divergence to filter false signals and improve risk-adjusted returns.