Summary
• Price declined from 0.0001309 to 0.0001287 amid subdued volume.
• A bearish reversal pattern emerged after 17:00 ET with a 0.7% drop.
• RSI hit oversold territory below 30, suggesting potential near-term bounce.
• Volatility expanded in afternoon trading, with a 1.4% range between high and low.
Sei/BNB (SEIBNB) opened at 0.0001309 on 12:00 ET–1, peaked at 0.0001315, and closed at 0.0001287 on 12:00 ET. The 24-hour trading range was 0.0001315–0.0001280. Total volume traded was 18,886.3 and turnover amounted to approximately 2.529
.
Structure & Candlestick Patterns
Price initially moved sideways before a sharp downward shift following a large bearish candle at 14:45 ET, forming a potential bearish engulfing pattern. The decline continued with a series of weak-bodied candles, signaling sustained bearish momentum. A doji formed near the session’s close, hinting at potential indecision.
Trend and Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages both trended lower, confirming bearish bias. Daily moving averages (50/100/200) are not available in this dataset.
Momentum Indicators
MACD crossed below its signal line in the morning, reinforcing the bearish trend. RSI dipped below 30 in late afternoon, indicating oversold conditions and raising the possibility of a short-term rebound.
Volatility and Bollinger Bands
Bollinger Bands widened as the price moved toward the lower band, showing increased volatility. The price briefly tested the lower band in the late session, suggesting a potential bounce.
Volume and Turnover
Volume spiked during the 14:45 ET candle as the price dropped sharply, but remained subdued during the rebound. Turnover closely aligned with price movement, confirming the bearish bias. No divergence between price and turnover was observed.
Fibonacci Retracements
The 14:45 ET move down reached approximately 61.8% of the earlier intraday swing high to low range, reinforcing a potential near-term support level near 0.0001287.
The pair appears to be consolidating near a key support level, and the oversold RSI suggests a temporary bounce may occur. However, bearish momentum remains strong, and further downside could retest 0.0001280 if volume picks up. Investors should watch for a potential breakout or reversal pattern in the next 24 hours.
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