Market Overview for SEIBNB (Sei/BNB) on 2025-09-18

• Price dipped below key support at 0.0003359 before rebounding.
• Momentum weakened toward the 24-hour close, with RSI nearing oversold territory.
• Low volatility observed for most of the session, followed by a late-night breakout attempt.
• Turnover spiked during the post-midnight rebound, but volume remained uneven.
• A bullish engulfing pattern formed near 0.000328, indicating potential short-term recovery.

24-Hour Market Snapshot

Sei/BNB (SEIBNB) opened at 0.0003281 on 2025-09-17 12:00 ET and traded between 0.000339 and 0.0003252, closing at 0.0003329 on 2025-09-18 12:00 ET. Total volume for the session reached 24,210.0, while notional turnover amounted to 6.8335 BNB. The pair spent much of the session consolidating before a late-night rebound attempt.

Structure & Formations

Price action showed a key support level at 0.0003359, which was tested multiple times during the session, ultimately failing to hold. A bullish engulfing pattern formed at 0.000328 in the early hours of the morning, suggesting a possible short-term reversal. No strong bearish reversal patterns like hammers or evening stars emerged. A key resistance level appears to be forming at 0.0003368 based on failed breakouts and consolidation during the overnight session.

Moving Averages

On the 15-minute chart, the 20-period MA (0.0003312) and 50-period MA (0.0003328) crossed near the 0.0003328 level, signaling a potential short-term support area. Price closed slightly above the 20 MA, suggesting mild bullish bias for the near term. On a longer scale, the 50-period and 200-period daily MAs are not available in this dataset, but historical data would typically show a bearish bias if SEIBNB has been in a downtrend.

MACD & RSI

The MACD line remained negative throughout most of the session, but crossed above the signal line in the final hours, hinting at a possible short-term reversal. The RSI dipped below 30 in the final candle, indicating oversold conditions and suggesting a potential bounce from current levels. However, without confirmation of a strong follow-through, this may not signal a trend reversal.

Bollinger Bands

Volatility remained relatively low for most of the session, with the bands contracting near 0.0003352–0.0003361. Price then broke out toward the upper band at 0.0003369 but failed to sustain the move, closing just below it. This suggests traders may be watching the 0.0003368 level closely for a potential breakout or rejection.

Volume & Turnover

Turnover spiked during the late-night rebound, with a notable 1,936.5 volume at 0.0003359 and 655.6 volume at 0.0003348. However, volume remained uneven throughout the session, with large gaps where no trades occurred. This may suggest reduced liquidity or limited interest in the pair during off-peak hours.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 0.000339 to 0.0003252, key levels are found at 0.0003357 (38.2%) and 0.0003296 (61.8%). Price is currently consolidating near the 38.2% level, suggesting a possible area of interest for a short-term bounce.

Backtest Hypothesis

Given the current structure and behavior of SEIBNB, a potential backtest strategy could involve entering long near the 38.2% Fibonacci retracement at 0.0003357 with a stop loss below the recent swing low of 0.0003286. A take-profit target could be set at the 50% retracement level at 0.0003323, with a secondary target at the 61.8% level at 0.0003296. This approach leverages both price action and Fibonacci levels, while aligning with the MACD crossover and RSI oversold signal observed at the close.