Summary
• Price fell from 0.0001351 to 0.0001314 on 5-minute chart, with key support near 0.0001314 tested.
• Volume surged to 9582.6 at 15:30 ET as price reversed from 0.0001333 to 0.0001327.
• RSI remained in mid-range for most of the session, showing no extreme overbought or oversold conditions.
• Volatility expanded near 0.000133–0.000134, coinciding with breakouts and break downs.
Sei/BNB (SEIBNB) opened at 0.0001348 at 12:00 ET-1 and traded as high as 0.0001351, falling to a low of 0.0001306 before closing at 0.0001314 at 12:00 ET. Total volume reached 45,983.0 and turnover amounted to 5.9617 BNB.
Structure & Formations
Price tested support near 0.0001314 during the overnight session, forming small bullish hammers and bearish engulfing patterns. A key resistance level appears to be forming around 0.0001327–0.0001333, where the price reversed multiple times during the day.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart show a bearish crossover, reinforcing the downtrend. On the daily chart, the 50- and 200-period moving averages remain distant, indicating no strong directional bias on longer timeframes.
Momentum & Volatility
MACD showed negative divergence during the midday sell-off, with bearish momentum intensifying after 15:30 ET. RSI remained in mid-range territory (30–70), but a contraction in Bollinger Band width during the 5–9 AM ET window hinted at a period of consolidation before the breakout.
Volume and Turnover
Volume spiked at 15:30 ET with a 9582.6 turnover as price fell from 0.0001333 to 0.0001327, confirming bearish momentum. A divergence appeared in the early morning, where volume declined while price continued lower, suggesting weaker conviction in the move.
Fibonacci Retracements
On the 5-minute chart, the 0.0001324–0.0001333 rally saw a 61.8% retracement at 0.0001316, where price stalled multiple times. On the daily timeframe, the 61.8% retracement of the recent 0.0001329–0.0001351 move sits near 0.0001334, which could offer near-term resistance.
Price may test 0.0001314 again in the next 24 hours if bearish momentum persists. Investors should monitor for a breakdown below 0.0001314 or a rejection at 0.0001327 as potential inflection points.
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