Market Overview for Sei/BNB on 2025-12-08

Summary
• Price opened at $0.0001448 and closed at $0.0001474 after forming bullish continuation patterns.
• Strong volume surges coincided with price rebounds, confirming bullish momentum.
• RSI reached overbought territory, suggesting potential pullback.
• Bollinger Bands showed expanding volatility as price moved toward the upper band.
• Key resistance appears to be forming near $0.0001475–$0.000148.

Sei/BNB (SEIBNB) opened at $0.0001448 on 2025-12-07 at 12:00 ET and closed at $0.0001474 by 12:00 ET the following day. The 24-hour range was $0.0001421–$0.0001477, with total volume of 21,500.5 and turnover of 3.11 BNB.

Structure & Formations

Price action from late on 12:07 to early on 12:08 showed a strong bullish breakout after testing key support levels. A hammer formation at $0.0001421 and a bullish engulfing pattern at $0.0001449–$0.0001453 signaled buying interest. A potential resistance cluster appears at $0.0001475–$0.000148, with a bearish doji forming at $0.0001475 suggesting caution ahead.

Moving Averages and Momentum

The 5-minute 20-period MA and 50-period MA crossed in a bullish crossover around $0.000145, supporting the upward trend. On the daily chart, the 50-period MA sits below the 200-period MA, suggesting long-term bearish bias. RSI hit 68–70 late into the session, indicating overbought conditions and possible near-term correction. MACD showed a positive divergence with price, reinforcing the likelihood of a continuation in the short term.

Volatility and Volume

Bollinger Bands widened from $0.0001449 to $0.0001477, showing rising volatility as the price trended upward. Volume spiked during key price moves, particularly at $0.000146–$0.000147, with large trades confirming bullish momentum. A notable divergence appears at $0.0001475 where volume dipped despite price rising, hinting at potential consolidation.

Fibonacci Retracements

On the 5-minute chart, a key 61.8% Fibonacci retracement level was tested at $0.0001463–$0.0001467 before the price continued higher. On the daily timeframe, the 61.8% level appears at $0.0001481, which could serve as a critical resistance. A potential pullback could test the 38.2% level near $0.000145–$0.0001455.

The pair appears to be in a consolidation phase ahead of a potential test at $0.000148. Traders should remain cautious of a short-term reversal if RSI fails to sustain above 60 or if the upper Bollinger Band fails to hold.