Market Overview for Sei/BNB (SEIBNB) on 2025-11-06

Summary
• Price opened at 0.000172 and closed at 0.0001703, down 1.0% over 24 hours.
• Volatility spiked with a high of 0.0001819 and a low of 0.0001692.
• Volume surged to 73,325.8 with a total turnover of 12.55 BNB.

The Sei/BNB pair (SEIBNB) opened at 0.000172 and closed at 0.0001703 within the 24-hour period ending at 12:00 ET on 2025-11-06. The price reached a high of 0.0001819 and a low of 0.0001692, reflecting heightened volatility. The total volume traded was 73,325.8, and the notional turnover amounted to approximately 12.55 BNB.

Structure & Formations

The price action showed a bearish bias, with a key resistance forming around 0.0001742 after multiple failed attempts to retest that level. A large bearish engulfing pattern formed on the 15-minute chart during the early morning hours, signaling potential momentum shifts. A doji appeared near 0.0001709, indicating indecision, but was followed by a sharp decline. A 61.8% Fibonacci retracement level at 0.0001703 aligned closely with the session close, suggesting potential near-term support.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bearish alignment during the late evening, suggesting short-term bearish momentum. On the daily chart, the 50-period MA crossed below the 200-period MA, signaling a potential bearish trend.

MACD & RSI

The MACD line remained below the signal line throughout the session, confirming bearish momentum. A bearish crossover occurred just before the price dropped from 0.0001742 to 0.0001703. The RSI hovered near 30 for most of the session, indicating oversold conditions, though it failed to show a meaningful rebound, suggesting a potential continuation of the downward trend.

Bollinger Bands

Price action touched the lower band of the Bollinger Bands several times, especially near the 0.0001703 level, suggesting oversold conditions. The bands remained relatively wide, indicating persistent volatility. A brief contraction was seen before the large spike to 0.0001819, followed by a rapid return to the lower band.

Volume & Turnover

Volume spiked to 73,325.8 around the time of the sharp move to 0.0001819, suggesting increased participation during the bullish rebound. However, the price failed to hold above 0.0001742, and volume subsequently declined, indicating weak follow-through. Notional turnover peaked at the high before the price correction, highlighting a divergence in conviction.

Fibonacci Retracements

Key Fibonacci levels from the 0.0001692 to 0.0001819 swing showed the 61.8% retracement at 0.0001703 aligning with the session close. This suggests that the current level could provide a short-term floor before the next directional move. The 38.2% level at 0.0001715 may also offer a potential bounce zone if there is a reversal.

Backtest Hypothesis

To evaluate the impact of a MACD Death Cross (i.e., MACD line crossing below the signal line) on the Sei/BNB market, a backtest could be constructed using daily closing prices as the basis for MACD calculations. The strategy would test the returns over a 5-day, 10-day, and 20-day holding period to assess the event's predictive power. The high volatility and multiple MACD crossovers observed in the recent 15-minute data suggest that this strategy could yield meaningful insights, particularly in a market with frequent directional shifts. Stop-loss and take-profit levels would help manage risk during fast-moving conditions, and initial results might inform entry and exit timing for short-term traders.