Market Overview: Sei/BNB (SEIBNB) – October 8, 2025 (12:00–12:00 ET)

• SEIBNB declined by 0.44% in 24 hours amid bearish momentum and low volume consolidation.
• A key support level emerged near 0.0002149 after a failed rebound attempt.
• Volatility expanded in the morning ET, but volume failed to confirm strong directional moves.
• RSI signaled oversold conditions by 0.0002146, hinting at a potential short-term reversal.
• A bearish engulfing pattern formed around 19:45 ET, supporting a cautious stance below 0.0002246.

The Sei/BNB (SEIBNB) pair opened at 0.0002254 on October 7 at 12:00 ET and closed at 0.0002149 the following day at 12:00 ET. The 24-hour high and low were 0.0002263 and 0.0002142, respectively. Total trading volume was 106,547.6 units, with a notional turnover of approximately $23.41 (assuming BNB price at $230). Price action was bearish, with a 0.44% drop over the period.

Structure & Formations

Price encountered key support at 0.0002149 during the early morning hours, forming a potential base for near-term stability. A bearish engulfing pattern appeared at 19:45 ET as the pair fell sharply from 0.0002238 to 0.0002211. This pattern, combined with the failure to retest 0.0002246 after a brief bounce, suggests a continuation of the downward trend. Resistance appears near 0.0002246 and 0.0002263, with a possible retracement into the 0.0002176–0.0002191 zone.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price action around 00:00 ET, confirming a bearish bias. The 20SMA crossed below the 50SMA, forming a death cross, which typically signals a downtrend continuation. On the daily chart, the price sits well below the 50DMA and is approaching the 100DMA near 0.000217, indicating a continuation of the bearish momentum.

MACD & RSI

The MACD crossed below the signal line around 00:00 ET, confirming bearish momentum. The histogram has been negative for much of the session, showing sustained selling pressure. The RSI hit oversold territory at 0.0002146 with a reading of ~29, suggesting potential for a short-term bounce. However, without a clear reversal pattern, this is more likely a consolidation phase rather than a reversal.

Bollinger Bands

Volatility expanded in the early part of the session, with the price touching the lower band at 0.0002142. By the afternoon, volatility began to contract again, and price remained near the lower half of the bands, indicating bearish bias. A move back above the 0.0002175 mid-band could signal a short-term retracement, but a break below the 0.0002142 level would confirm a new low.

Volume & Turnover

Volume peaked around 05:30 ET with a massive trade volume of 25,254.4 units, coinciding with a price bounce from 0.0002186 to 0.0002191. This was followed by a small pullback and consolidation. Overall, volume was concentrated in the early and late hours, with midday showing little activity. Turnover failed to confirm strong price moves, suggesting limited conviction among traders. A divergence in volume could hint at a weakening bearish trend.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.0002142–0.0002263 range, key levels include 38.2% at 0.0002205 and 61.8% at 0.0002176. Price briefly tested the 38.2% level but failed to hold it, suggesting continued bearish bias. A move back to the 61.8% level could offer a short-term opportunity, but a break below 0.0002142 would target the next leg down to 0.0002123.

Backtest Hypothesis

A potential backtest strategy for SEIBNB could involve using the 20SMA and 50SMA crossover as a trigger for short positions, with stop-loss placed just above the 0.0002246 resistance level and a take-profit target at the 0.0002142 support level. RSI oversold readings could be used to close short positions or initiate longs during retracements. This approach would align with the bearish engulfing pattern and the current structure, capitalizing on the established trend while managing risk through key Fibonacci and support/resistance levels.