Market Overview: Sei/BNB (SEIBNB) - 24-Hour Technical Summary

• Price action shows consolidation with a bearish close after a mid-day rally.
• Volume is mixed, with a notable spike in turnover during the 20:45–21:00 ET session.
• RSI remains in neutral territory, suggesting balanced momentum but no strong overbought or oversold conditions.

Sei/BNB (SEIBNB) opened at 0.0001816 on 2025-11-12 at 12:00 ET, reached a high of 0.0001842, and closed at 0.0001833 at 12:00 ET the following day. The 24-hour session recorded a total volume of 65,958.5 and a turnover of 11.95 BNB. Price action shows a moderate consolidation trend with bearish pressure emerging after the afternoon rally.

Structure & Formations

The 15-minute OHLCV data reveals multiple key levels of support and resistance. A significant support level is identified around 0.0001822–0.0001823, where price repeatedly found a floor during the early morning and late afternoon sessions. Resistance appears at 0.0001833–0.0001834, where the price stalled after the 20:45–21:00 ET surge. A notable bearish engulfing pattern emerged during the 13:45–14:00 ET window, with a large volume of 3,406.4, indicating strong bearish conviction.

Engulfing Patterns and Dojis

The most significant candlestick pattern observed is the bearish engulfing pattern at 13:45–14:00 ET, where price moved from 0.0001831 (open) to 0.0001828 (close) with a large volume of 3,406.4, suggesting a shift in sentiment from bullish to bearish. There are also multiple dojis observed during the late-night hours, indicating indecision in the market.

Moving Averages and Volatility

On the 15-minute chart, a 20-period moving average (MA20) appears to act as a dynamic support line for most of the session, while the 50-period MA (MA50) remains slightly bearish as it lags behind the current price action. On a daily scale, the 50/100/200 MA lines indicate a sideways trend with no clear breakouts, suggesting a consolidation phase.

Bollinger Bands show a slight expansion during the 20:45–21:00 ET period, coinciding with a large volume surge and a brief price spike to 0.0001842. The price closed just inside the upper band, which may indicate a potential overextension. A contraction in the bands occurs after 04:00 ET, which could signal a period of low volatility or a buildup for a potential breakout.

RSI and MACD

Relative Strength Index (RSI) readings remain in the neutral zone (between 40–60), indicating a balance between bullish and bearish momentum. A small positive divergence was observed during the 03:15–03:30 ET window, where price made a lower high but RSI made a higher low, suggesting the bears may be losing control. The MACD remains flat with no clear signal line crossovers, indicating the market is still in a state of indecision.

Volume and Turnover Insights

Volume patterns are mixed, with the most significant spikes occurring during the 20:45–21:00 ET and 13:45–14:00 ET windows. During the 20:45–21:00 ET session, a large volume of 6,745.5 coincided with a sharp price increase, which appears to be a confirmed bullish signal. However, this was followed by a bearish reversal in the following hour. The 13:45–14:00 ET session saw a large volume of 3,406.4 and a bearish close, confirming the bearish engulfing pattern.

Notional turnover also shows a large spike during the same 20:45–21:00 ET period, which aligns with the price action and volume. There is no clear divergence between price and volume in this session, suggesting the move is well-supported by market participants.

Fibonacci Retracements

Applying Fibonacci retracements to the 20:45–21:00 ET swing (0.0001828–0.0001842), the 61.8% level lies at approximately 0.0001834. The price tested this level during the 06:15–06:30 ET session, failing to break through it. The 38.2% level is at 0.0001831 and was a minor resistance point during the 06:15–06:30 ET and 07:15–07:30 ET windows. These levels may act as potential support or resistance in the coming 24 hours.

Backtest Hypothesis

The Bullish Engulfing 5-Day Hold strategy has been back-tested for BLSH (Bullish, ticker “BLSH.N”) from 2022-01-01 through 2025-11-13. Key implementation notes include entry signals generated on every trading day where a Bullish Engulfing pattern was identified, with each position held for a fixed 5-trading-day window. No stop-loss, take-profit, or max-drawdown constraints were used, allowing the strategy to fully capture the effects of the pattern in isolation.

The strategy relies heavily on candlestick patterns—specifically the Bullish Engulfing—to capture directional bias, making it relevant to the current analysis of Sei/BNB. The presence of such patterns in the 15-minute timeframe suggests potential for short-term directional bias, which can be leveraged for intraday or swing trading strategies if used with proper risk management.