Summary
• Price broke above 0.0001457 but failed to hold, forming a bearish dark cloud cover pattern.
• Volume surged during the 19:15–19:30 ET session but reversed sharply, indicating indecision.
• RSI hit overbought levels mid-day, then diverged with price as the session ended.
Market Overview
At 12:00 ET–1 on December 6, Sei/BNB (SEIBNB) opened at 0.000144, reached a high of 0.0001466, and closed at 0.0001435 by 12:00 ET. The pair traded between 0.0001433 and 0.0001466 over the 24-hour window. Total volume was 22,151.9, with a notional turnover of 3.232 (amount × price).
Structure and Patterns
Price action displayed a bearish dark cloud cover pattern around 0.0001452–0.0001457, confirming a potential reversal.
The 0.0001457–0.0001459 level acted as a key short-term resistance that was tested multiple times but ultimately rejected. Support emerged at 0.0001441–0.0001443, which held during the afternoon sell-off.
Moving Averages
On the 5-minute chart, the 20-period and 50-period SMAs diverged around 0.0001457, signaling a weakening trend. By the close, price had fallen below both, reinforcing bearish momentum. On the daily chart, the 50-period and 100-period SMAs were closely aligned near 0.0001447, suggesting a congested trading range.
Momentum and Volatility
RSI topped at 78 during the morning session, suggesting overbought conditions, but then declined as price fell, showing a bearish divergence. MACD turned negative mid-day and remained below the signal line, confirming weakening bullish momentum. Bollinger Bands showed a moderate expansion after 19:00 ET, as volatility picked up following a consolidation period.
Volume and Turnover
Volume spiked sharply at 19:15 ET with a high of 2,400.9, but price immediately reversed lower. This divergence suggests potential selling pressure. Turnover also rose during the 19:15–19:30 session but failed to push price higher.
Fibonacci Levels
The 0.0001457–0.0001466 swing was followed by a 38.2% retracement at 0.0001451 and a 61.8% retracement near 0.0001444, both of which acted as key levels during the afternoon.
Looking ahead, the 0.0001441–0.0001443 support zone will be critical to watch. A break below could trigger a test of the next Fibonacci level at 0.0001433. Traders should remain cautious, as mixed momentum and divergences signal potential for choppy price action in the next 24 hours.
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