Sui (SUI) is currently trading at $1.88, reflecting a 6.46% increase over the last 24 hours. The daily price range has been tight, with a high of $1.91 and a low of $1.75, indicating a degree of volatility that may attract short-term traders.

Trading volume over the last 24 hours has reached approximately $1.22 billion, which corresponds to a volume-to-market cap ratio of 17.07%. This robust volume suggests strong interest in SUI and supports the recent price movement, although the market cap data is necessary to fully contextualize the trading activity.

The hourly moving averages indicate bullish momentum, with the 8 SMA showing a gain of 1.70%, while the longer-term averages also reflect upward trends. The 21 SMA, at $1.82 with a gain of 3.53%, indicates that the asset is maintaining positive price action across various timeframes.

The 1-hour RSI is at 71, signaling that SUI is approaching overbought territory, which could lead to a price correction in the short term. However, the 7-day RSI at 52 indicates that the asset is still in a neutral zone, suggesting potential for further upside.

Over the last week, SUI has appreciated by approximately 27.3%, and over the last 14 days, the price has surged by over 31%. The 30-day change of nearly 20% highlights a strong bullish trend, reaffirming the asset's positive momentum over a longer time horizon.

Despite the recent gains, SUI is still significantly below its all-time high of $5.35 reached on January 4, 2025. This indicates room for growth; however, traders should be cautious of potential pullbacks given the current overbought conditions suggested by the 1-hour RSI.

Based on the current analysis, I recommend a Hold rating for SUI. The asset shows strong momentum and positive price trends, but the elevated RSI levels and potential for a short-term correction warrant caution for new buyers.