Market Overview for Sei/BNB (SEIBNB): October 9, 2025

• Price formed a key bullish reversal pattern at 0.0002182
• Price remains above 20-period moving average with positive momentum
• Volatility increased during the last 4 hours, pushing price to 0.0002224
• Volume spiked during the last 90 minutes with strong buying pressure
• RSI near overbought levels, suggesting a possible consolidation ahead

Sei/BNB (SEIBNB) opened at 0.0002195 on October 8 at 12:00 ET and reached a high of 0.0002232 before settling at 0.0002221 as of October 9 at 12:00 ET. The pair traded within a range of 0.0002150–0.0002232 over the 24-hour period. Total volume amounted to 64,147.9 BNB, with notional turnover reaching $13.72K based on the average price of 0.0002197.

The 20-period moving average on the 15-minute chart remained above the price for most of the session, indicating a bullish trend in the short term. A key bullish reversal pattern (hammer) emerged near the support level at 0.0002182. Price subsequently broke above the 0.0002200 psychological level, forming a consolidation range before surging again in the early hours of October 9. The 50-period moving average now appears to be providing dynamic support around 0.0002208.

MACD remained positive throughout the session, with the histogram expanding between 02:30 ET and 04:00 ET, signaling increasing bullish momentum. RSI reached overbought territory multiple times, especially between 14:00 ET and 15:45 ET, suggesting a high probability of near-term pullback. The Bollinger Bands widened during the early hours of October 9, indicating increased volatility, with price hovering near the upper band during the peak of the upward move. This suggests aggressive buying interest and potential exhaustion of the bullish momentum.

Volume saw significant spikes during the last 90 minutes of the session, with a high of 5,006.5 BNB traded at 14:45 ET. The most notable volume divergence occurred when price hit 0.0002231 and volume dipped to 0.0. This could indicate a lack of conviction in the short-term high, and traders may watch for a follow-through in volume to confirm the strength of the next move.

Fibonacci retracement levels for the 15-minute chart showed price testing the 61.8% level at 0.0002207 before continuing higher. On the daily chart, the pair is currently sitting near the 38.2% retracement of the recent bearish swing at 0.0002160. This level could act as a key support or resistance if the trend reverses or consolidates.

Backtest Hypothesis
The provided backtesting strategy involves entering long positions when price closes above the 20-period moving average, with a stop-loss placed at the 20-period low of the last 10 candles and a take-profit at 1.618 times the initial stop-loss distance. This approach would have captured the move above 0.0002200 on October 9, but the recent overbought RSI suggests a possible pullback before a stronger move. A refined version of the strategy might include an RSI filter (e.g., only entering long when RSI is below 30) to avoid late entries on overextended moves.