Sui (SUI) is currently priced at $1.51, showing a 24-hour decline of 2.30%. The price has fluctuated within a daily range of $1.50 to $1.60, indicating a tight trading environment with a low volatility of just 0.1%.

Trading volume over the last 24 hours is substantial at approximately $517.5 million, translating to a volume-to-market cap ratio of 9.34%. This suggests a relatively high level of trading activity compared to the overall market capitalization, reflecting investor interest despite recent price declines.

Analyzing the moving averages, the short-term trends indicate bearish momentum, with the 8 SMA at $1.52 down 0.63% and the 13 SMA at $1.52 down 0.83%. However, the 144 SMA, at $1.50, shows a slight positive change of 0.98%, indicating potential support at this level.

The 1-hour RSI is significantly low at 26, suggesting that SUI is currently in oversold territory. In contrast, the 7-day RSI at 54 indicates a neutral position, with the 7-day price change up by 12.18%, while the 14-day and 30-day changes are down by 14.02% and 38.75%, respectively, signaling recent bearish trends.

Despite the recent decline, the all-time high of $5.35 set in January 2025 illustrates significant upside potential. However, the recent 30-day performance and ongoing bearish signals could keep prices depressed in the short term.

Given the current technical indicators, particularly the low RSI and bearish moving averages, as well as the recent negative price momentum, the recommendation is to hold SUI. While there is potential for recovery in the longer term, immediate trends do not favor new purchases at this time.