Sui (SUI) is currently trading at $1.42, reflecting a 3.76% decline over the past 24 hours. The daily price range shows a relatively narrow fluctuation between $1.39 and $1.54, indicating a period of consolidation after a recent downtrend.

The trading volume stands at approximately $915 million, corresponding to 17.27% of its market cap, suggesting active trading but not necessarily bullish sentiment. Moving averages reveal a mixed picture: the 8 SMA and 13 SMA indicate slight upward momentum, while the longer-term 21 SMA and 55 SMA reflect bearish trends, particularly the 55 SMA down 3.03%.

The 1-hour RSI at 52 suggests the asset is neither overbought nor oversold, which could lead to a stable price action in the short term. However, the 7-day RSI at 43 indicates a potential bearish phase, as it is approaching oversold conditions, and recent price changes over 7, 14, and 30 days confirm a downward trajectory of approximately 8.23%, 15.00%, and 13.89%, respectively.

Despite the current price being significantly below its all-time high of $5.35 from January 2025, SUI's recent price action and technical indicators suggest a challenging environment ahead. The prevailing bearish momentum coupled with declining RSI values indicates a lack of buying pressure.

Considering the overall technical and fundamental analysis, the recommendation for Sui (SUI) is to Hold. This stance allows for monitoring potential reversal signals or further confirmation of bearish trends before making any buying or selling decisions.