Summary
• Price formed a bullish engulfing pattern near 0.0001333, followed by a consolidation phase above 0.000134.
• Low volume and turnover indicate weak conviction during price pushes above 0.000135.
• RSI remains neutral, with no signs of overbought or oversold extremes.
• A 61.8% Fibonacci retracement level appears to offer initial resistance near 0.0001351.
• Volatility expanded during the final hours, with price reaching a 24-hour high of 0.000136.
Sei/BNB (SEIBNB) opened at 0.0001333 on 2026-01-01 12:00 ET, reached a high of 0.000136, and a low of 0.0001333, closing at 0.000136 on 2026-01-02 12:00 ET. Total 24-hour volume was 191,194.5 and turnover was 25.74 BNB.
Structure & Formations
A bullish engulfing pattern formed near 0.0001333 in early session, followed by a measured advance to 0.000136. Price consolidated above 0.000134 through mid-session, with a 61.8% Fibonacci retracement level at 0.0001351 acting as key resistance. No strong reversal patterns were seen in the final hours, but the 0.000136 high marked a strong closing push.
Indicators
The 20-period and 50-period moving averages on the 5-minute chart remained closely aligned, suggesting low directional bias. MACD showed mild positive divergence as price approached 0.000136, while RSI stayed within the 40–60 range, indicating balanced momentum.
Volatility and Turnover
Bollinger Bands widened in the final 3 hours, reflecting increased volatility as price tested 0.000136. Turnover spiked significantly during this phase, with 4.98 million in notional volume at the high. However, volume remained below average for most of the session, suggesting limited follow-through demand.
Forward Outlook
SEIBNB appears to have carved out a fresh 24-hour high, with buyers stepping in near 0.000136. A close above this level could invite further upward momentum, but confirmation is needed. Investors should monitor volume and RSI for signs of exhaustion or strength. As always, market conditions can shift quickly, so caution is warranted ahead of the next 24-hour period.
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