Market Overview for Sei/BNB on 2025-12-10

Summary
• Price broke above 0.000154 with a bullish engulfing pattern near 0.0001526.
• Momentum picked up in afternoon ET, pushing RSI to overbought and MACD into positive territory.
• Volatility surged during the 15:30 ET candle, with volume spiking to 26963.1 and turnover rising sharply.
• Key resistance appears to be 0.0001589, with support likely near 0.0001535–0.0001538.
• Price may test 0.0001615 next but faces near-term consolidation risks.

The Sei/BNB (SEIBNB) pair opened at 0.0001521 on 2025-12-09 12:00 ET, reached a high of 0.0001615, a low of 0.0001513, and closed at 0.0001568 on 2025-12-10 12:00 ET. Total volume was 144,166.8, and notional turnover was not directly reported but inferred to be high due to large volume spikes.

Structure & Moving Averages

Price broke out of a descending pattern at 0.0001526 with a bullish engulfing formation on 17:45–18:00 ET. On the 5-minute chart, the 20-period moving average crossed above the 50-period line near 0.0001528, signaling a potential short-term bullish bias. On the daily chart, the 200-period moving average appears to be acting as a key support level near 0.0001533.

Momentum Indicators

RSI reached 72 during the 15:30 ET candle, indicating overbought conditions, while the MACD crossed into positive territory with a strong histogram during the same period. This confirms that momentum has accelerated, but overbought levels may prompt a temporary pullback.

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Volatility and Bollinger Bands

The 15:30 ET candle saw the largest move of the day, with a 0.0000051 swing. Price briefly touched the upper Bollinger Band during this period, signaling a sharp volatility expansion. Most of the day's price action remained within the bands, suggesting continued sideways pressure unless a breakout occurs above 0.0001615.

Volume and Turnover

Volume spiked sharply during the 15:30–16:45 ET period, particularly with a 26963.1 volume candle at 15:30 ET, confirming the move higher. Turnover likely mirrored volume increases, though exact turnover data was not provided.

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Fibonacci Retracements

The 5-minute chart retraced to the 61.8% level at 0.0001535 during the 10:30–10:45 ET pullback, suggesting a strong support area. A daily swing from 0.0001513 to 0.0001615 indicates key levels at 0.0001535 (38.2%) and 0.0001543 (61.8%), with 0.0001615 as a potential resistance target if buyers hold.

Price may test the 0.0001615 level in the next 24 hours, but a pullback to 0.0001535–0.0001543 appears likely if the current overbought conditions correct. Investors should be cautious of potential volatility if the 61.8% retracement level is tested.