Sei Market Overview: Volatile 24-Hour Move with Mixed Momentum

Sei (SEIUSDT) opened at $0.3292 on 2025-07-28 at 12:00 ET and closed at $0.3321 at 12:00 ET on 2025-07-29. The 24-hour range was $0.33 (high) to $0.3152 (low), with total volume of 41,964,417.5 and turnover of $13,431,655.10. The price action reflects a volatile and choppy session with mixed momentum.

Summary
• Sei traded in a $0.3152–$0.33 range, with a final 0.1% gain at $0.3321.
• Key support held at $0.3200–$0.3220, but resistance at $0.3350–$0.3400 appears formidable.
• Momentum was mixed, with RSI indicating overbought conditions in late session.
• Volume spiked during the $0.3350–$0.3400 rally, but turnover failed to confirm bullish conviction.
• Bollinger Bands showed volatility expansion during the morning, reflecting heightened activity.

Structure & Formations

The 24-hour chart for SEIUSDT reveals a complex structure with alternating bullish and bearish impulses. A notable bearish engulfing pattern formed around $0.3270 during the early evening, which temporarily reversed the upward trend. Later in the session, a bullish reversal pattern emerged at $0.3200–$0.3220, indicating support was tested and held. The price then broke above the $0.3300 level, but failed to sustain the move above $0.3350, forming a potential false breakout.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed over multiple times, indicating a high-frequency, choppier trend. The 20-period MA crossed above the 50-period MA twice in the final hours, suggesting short-term bullish momentum. However, on the daily chart, the 50-period MA sits at $0.3260, and the 200-period MA at $0.3215, suggesting the price remains above its key long-term support, but with no clear directional bias.

MACD & RSI

The MACD line crossed into positive territory during the morning and early afternoon, aligning with the price rally. However, it quickly diverged, with the histogram showing a sharp contraction by the end of the session. RSI reached overbought territory (above 65) in the final hours, indicating short-term exhaustion on the upside. A bearish divergence may be forming, as RSI failed to make a new high on the final upward move.

Bollinger Bands

Bollinger Bands showed a clear expansion in the early morning hours as the price surged toward $0.3404. The price then retraced sharply, closing near the lower band by midday before rebounding. This suggests increased volatility and potential consolidation. The current price of $0.3321 sits near the middle band, indicating a neutral but potentially unstable position. A break above the upper band could signal renewed bullish momentum, but this remains unconfirmed.

Volume & Turnover

Volume spiked significantly during the $0.3350–$0.3400 rally, with a 15-minute candle at $0.3404 showing a volume of 4.1 million and turnover of $1.4 million. However, subsequent candles showed a sharp decline in volume, suggesting a lack of follow-through. Turnover also peaked during the morning rally but failed to sustain the price above $0.3350. A divergence between price and volume may indicate weakening bullish conviction.

Fibonacci Retracements

Fibonacci retracements drawn from the recent swing low at $0.3152 to the swing high at $0.3404 show key levels at 38.2% ($0.3298), 50% ($0.3278), and 61.8% ($0.3258). The price found support near the 61.8% level during the afternoon and closed just above the 50% level, suggesting a possible consolidation phase. A break below $0.3258 could trigger a test of the 61.8% level at $0.3258.

Looking ahead, Sei may continue to consolidate between $0.3200 and $0.3350, with key resistance at $0.3350–$0.3400 and support at $0.3200–$0.3220. A sustained move above $0.3350 could rekindle bullish momentum, but traders should remain cautious given the mixed volume and RSI divergence. Risk remains moderate, with potential for both a breakout or a pullback depending on macro sentiment and broader market conditions.