Market Overview for Sei/BNB (SEIBNB) – 24-Hour Price Action and Technical Analysis

• Price for SEIBNB fell from 0.0002885 to 0.0002836 before rebounding to close at 0.000291
• Momentum suggests a breakout with RSI rising from oversold to overbought
• Volatility expanded during the 24-hour period, with a significant volume spike at 0.0002882–0.0002905
• Bollinger Bands show a narrowing pattern turning into expansion in late trading
• Fibonacci retracement suggests potential support near 0.000287 and resistance at 0.0002905

The pair SEIBNB opened at 0.0002885 on 2025-09-23 12:00 ET and hit a low of 0.0002836. Price closed at 0.000291 at 2025-09-24 12:00 ET, with a high of 0.0002916. Total volume for the 24-hour period was 41,578.3 and turnover amounted to approximately 10.36 BNB.

Structure & Formations

The 15-minute candlestick pattern reveals a bearish reversal followed by a strong bullish recovery. A key support level appears at 0.000287, with resistance forming around 0.0002905. A bullish engulfing pattern is visible at 0.0002884–0.0002882, while a doji near 0.0002836 suggests indecision. Price appears to have broken above a prior resistance level after consolidating below 0.0002885.

Moving Averages

On the 15-minute chart, the 20-period MA has moved above the 50-period MA in recent candles, indicating a short-term bullish bias. On the daily scale, the 50-period MA is approaching the 100-period MA, with the 200-period MA providing a long-term floor around 0.000286. Price is currently trading above both the 50 and 200 MA, which may signal continued bullish momentum in the near term.

MACD & RSI

The MACD line crossed above the signal line during the early morning session, confirming a bullish crossover. RSI rose sharply from the 30 level into overbought territory above 60, indicating strong upward momentum. If RSI fails to pull back to the 50 level, it may indicate that the rally is losing steam, though a sustained close above 60 could extend the uptrend.

Bollinger Bands

Bollinger Bands showed a contraction early in the session followed by a sharp expansion as the price moved upward. This suggests an increase in volatility and a potential breakout. The current price of 0.000291 is near the upper band, indicating a period of high volatility and potential overextension if no new catalyst emerges.

Volume & Turnover

Volume increased sharply around 0.0002882–0.0002905, confirming the price breakout. Notional turnover also spiked during this period, aligning with the price action and reinforcing the strength of the move. However, the volume has started to decline in recent candles, which may indicate reduced buying pressure. Divergence between volume and price could signal a potential reversal, but for now, the uptrend appears supported.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing low at 0.0002836 and high at 0.0002916, the 38.2% level is at 0.0002873 and the 61.8% level is at 0.0002892. These levels appear to be acting as immediate resistance and support, respectively. If price moves beyond 0.0002916, a continuation to 0.0002945 could be on the cards.

Backtest Hypothesis

A potential backtesting strategy could involve entering a long position on a bullish crossover of the 20 and 50-period moving averages, with a stop-loss placed at the 38.2% Fibonacci retracement level. An exit would be triggered when RSI enters overbought territory and fails to close above the 60 level. This strategy aligns with the observed momentum and retracement levels, and could be tested over historical 15-minute data. A trailing stop could be added to protect gains if the price remains above key moving averages.