Market Overview for Sei/BNB (SEIBNB) - 2025-09-23

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• Price declined from 0.0002945 to 0.000288, with key support forming near 0.000290 and 0.000288.
• Momentum weakened as RSI moved into oversold territory and MACD showed bearish divergence.
• Volatility expanded in late hours, with sharp selloffs below Bollinger Band midline.
• Notional turnover spiked near 0.0002915–0.000292, but price failed to confirm bullish breakouts.
• Key resistance near 0.0002925–0.0002935 appears to cap upward attempts.

Sei/BNB (SEIBNB) opened at 0.000291 on 2025-09-22 at 12:00 ET, reaching a high of 0.0002945 and a low of 0.000288 before closing at 0.000288 at 12:00 ET on 2025-09-23. Total volume across the 24-hour window was approximately 34,772.8, with a notional turnover of ~7.96 BNB.

Structure & Formations

The pair displayed bearish pressure during the 24-hour period, with a strong decline from the 0.0002935–0.0002945 cluster to the 0.000288 level. A significant bearish engulfing pattern emerged near the 0.0002918–0.0002902 range, suggesting short-term bearish momentum. A notable doji appeared at the 0.0002907 level, indicating indecision and potential support consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward, with price closing below both by the end of the period. This confirms bearish momentum. The 50/100/200 daily averages would likely have aligned with the 0.000292–0.000293 level as a critical long-term pivot.

MACD & RSI

The MACD line turned bearish with a negative crossover in the early hours of 2025-09-23, and the histogram expanded as the selloff continued. The RSI dipped into oversold territory (below 30) toward the close, indicating potential for a near-term bounce, though bearish divergence remains a risk. Momentum appears to be waning.

Bollinger Bands

Volatility expanded as price dropped below the lower Bollinger Band during the 24-hour window, with the band widening in response to increased trading activity. Price found temporary support near the 0.000288 level, which coincided with the lower band. This suggests a possible rebound, but continued bearish control is likely until a strong reversal occurs.

Volume & Turnover

Volume surged during the bearish break at 0.0002902–0.000288, with a notable spike of ~5,428.4 volume at 0.0002884. Notional turnover peaked during the selloff phase, confirming bearish conviction. However, no significant volume spikes occurred during potential bullish attempts, suggesting limited buying interest.

Fibonacci Retracements

Fibonacci levels aligned with the 24-hour swing from 0.0002945 to 0.000288 show the 0.000290 (38.2%) and 0.0002915 (61.8%) levels as key short-term support. A break below 0.000288 would target 0.0002867–0.000285 on the next Fibonacci level. The 0.0002925–0.0002935 zone remains a critical resistance cluster for any near-term bullish reversal.

Backtest Hypothesis

Given the strong bearish setup and multiple confirmations from volume, RSI, and candlestick patterns, a backtest strategy could be constructed around shorting at the 0.000291–0.0002915 level with a stop above the 0.0002925–0.000293 resistance and a target near the 0.000288–0.0002867 level. This aligns with the observed bearish divergence in MACD and the bearish engulfing pattern. A trailing stop or profit-taking at the 0.000289–0.0002895 level could help manage risk while capturing key retracement levels. The strategy would be best tested using a 15-minute chart and optimized for high-volume environments.