Market Overview for Sei/BNB (SEIBNB) – 24-Hour Summary

• Price action on SEIBNB showed a strong bullish breakout in early evening ET before consolidating in the final hours.
• Volatility expanded during the 15-minute peak at 0.0003464, with volume spiking to 2145.6 units.
• RSI moved into overbought territory early, but failed to hold above 61.8% Fibonacci, indicating mixed momentum.
• Bollinger Bands showed a slight expansion during the breakout, with price closing near the upper band.
• A bearish reversal pattern formed late in the session, with volume confirming the pullback.

At 12:00 ET − 1, Sei/BNB opened at 0.0003387 and traded as high as 0.0003541 before closing at 0.0003325 by 12:00 ET. The pair experienced a range of 0.0003307 to 0.0003541, with a total volume of 15,063.0 units and a notional turnover of 4.79 (based on average trade size). The session featured a strong breakout in the evening followed by a sharp retracement late in the cycle.

Structure & Formations

The price action on SEIBNB displayed a bullish breakout above key resistance at 0.0003455 around 18:30 ET, confirmed by a strong volume spike of 1623.2. A bearish engulfing pattern emerged around 05:45 ET, with price dropping from 0.0003434 to 0.0003397, confirmed by a volume of 59.4. A doji formed at 07:15 ET, indicating indecision around 0.0003359. Support levels appear at 0.0003359 and 0.0003314, with resistance at 0.0003455 and 0.0003541.

Moving Averages

Short-term 15-minute moving averages (20 and 50) showed a bullish crossover above the 0.0003436 level around 18:15 ET, aligning with the breakout. Daily moving averages (50, 100, and 200) remained relatively flat, suggesting a neutral to bullish bias in the short term but lack of broader directional strength.

MACD & RSI

MACD crossed into positive territory in the early evening, confirming bullish momentum during the breakout phase. RSI hit 70+ early in the session, indicating overbought conditions but failed to sustain above 61.8% Fibonacci level, signaling potential bearish reversal. A bearish divergence in RSI appeared near the 05:45 ET candle, as price dropped despite a lack of follow-through in bullish momentum.

Bollinger Bands

Bollinger Bands expanded significantly during the breakout phase, with price reaching the upper band at 0.0003464 before retracing. Volatility contraction occurred during midday consolidation, with the price closing near the upper band at 0.0003325. This suggests that the market may be preparing for a potential pullback or a new leg up depending on volume dynamics.

Volume & Turnover
Volume spiked multiple times during the session, notably at 18:15 ET (1623.2) and 22:30 ET (1588.3), confirming strong buying interest. However, volume dried up significantly after 05:45 ET, suggesting waning momentum in the downward move. The bearish engulfing pattern at 05:45 ET had a volume of 59.4, aligning with the price drop, while the final bullish candle at 11:45 ET had a volume of 61.2, indicating a possible short-covering rally.

Fibonacci Retracements

Fibonacci retracement levels aligned with key resistance and support levels during the session. The 61.8% retracement level from the 0.0003387 to 0.0003541 move was at 0.0003455, where the price found initial resistance before breaking out. The 38.2% retracement level was at 0.0003436, aligning with the 18:15 ET candle close. The 61.8% level appears to now be acting as support.

Backtest Hypothesis

Given the identified breakout above 0.0003455 and the bearish engulfing pattern at 0.0003397, a potential backtesting strategy could involve entering a long position on a confirmed breakout with a stop-loss below 0.0003436 and a take-profit at 0.0003541. Conversely, a short entry could be initiated on a close below the 0.0003397 level, with a stop above the 0.0003414 level. This strategy would capitalize on the breakout bias during high-volume periods and seek to capture mean reversion or trend continuation depending on momentum signals.