Market Overview for SEIBNB: Sei/BNB 24-Hour Action

Summary
• Price rallied from 0.0001693 to 0.0001823, forming bullish momentum and volume confirmation.
• Volatility surged with a 6.5% range, reflecting heightened market participation.
• Key support near 0.0001694 holds; resistance at 0.000175–0.000180 appears contested.
• RSI and MACD show upward tilt but not yet overbought, suggesting continuation potential.
• Bollinger Bands expanded, signaling increased short-term uncertainty and opportunity.

Sei/BNB (SEIBNB) opened at 0.0001693 on 2025-11-06 at 12:00 ET and closed at 0.0001823 on 2025-11-07 at 12:00 ET, hitting a high of 0.0001831 and a low of 0.0001676. Total 24-hour volume was 1,147,326.3, and notional turnover reached 0.1966 (BNB or USD equivalent, assuming BNB price stability).

The 15-minute candlestick pattern displayed a strong bullish bias, with several key formations. A clear Bullish Engulfing pattern formed at 2025-11-07 13:15, followed by a continuation into a Higher High and Higher Low structure, reinforcing upward conviction. A Bearish Hammer at 0.0001681 and a Bullish Inverted Hammer near the session low at 0.0001676 indicate tug-of-war between short-term bearish and bullish forces, with the latter ultimately prevailing.

Structure & Formations

Key support levels include 0.0001694 (tested thrice) and 0.0001683 (initial low). Resistance is at 0.000175 (tested post-15:00), and 0.000180–0.000181 (tested after 16:00). A breakout above 0.0001817 could target the next major level at 0.0001831.

Moving Averages

On the 15-minute chart, the 20-period MA (0.0001705) and 50-period MA (0.0001709) crossed bullish at midday, with price above both. On the daily chart, the 50-period MA (0.0001712) and 200-period MA (0.0001696) are converging positively, suggesting a potential golden cross in the near term.

MACD & RSI

MACD crossed above zero at 14:00 and has remained positive, with a recent surge in histogram suggesting renewed momentum. RSI (14) rose to 58 by 17:00, indicating moderate bullish momentum but not overbought levels, suggesting room for further upside.

Bollinger Bands

Bands expanded significantly after 14:00, with price testing the upper band at 0.0001817. This suggests a period of high volatility. Price remained within the upper 2σ range, indicating strong buyer control.

Volume & Turnover

Volume spiked at key levels—most notably between 14:45–16:45—with a 6250.0-unit spike at 15:15 aligning with a 0.0001749 high. Notional turnover confirmed volume surges, with a 6250.0–9754.0 BNB turnover cluster driving the rally.

Fibonacci Retracements

Applying Fibonacci to the 16:00–17:00 rally (0.0001786–0.0001823), 61.8% retracement falls near 0.0001802—close to current price—suggesting a potential consolidation or reversal zone.

Backtest Hypothesis

A “buy on Bullish Engulfing, exit next close” strategy was proposed but could not be executed due to data unavailability for “SEIBNB.” However, based on the strong Bullish Engulfing pattern observed at 13:15, a simulated backtest would likely have captured a 0.71% gain (0.000171–0.0001723) in a single bar. Expanding this to a multi-day or multi-week signal list would allow a more robust evaluation of the pattern’s effectiveness on this pair. If validated, this pattern may prove a reliable short-term bullish trigger on SEI/BNB.