Sui (SUI) is currently priced at $1.12, reflecting a 3.07% decrease over the past 24 hours. The daily trading range has been relatively narrow, oscillating between a high of $1.16 and a low of $1.089, indicating low volatility and investor caution.

The trading volume stands at approximately $1.07 billion, with a volume-to-market cap ratio of 24.85%, suggesting a healthy level of trading activity relative to market capitalization. The short-term moving averages, particularly the 8 SMA at $1.11 and the 13 SMA at $1.12, show slight upward momentum, while longer-term averages like the 55 SMA at $1.18 indicate a bearish trend.

The RSI readings reveal oversold conditions, with the 1-hour RSI at 36 and the 7-day RSI at 37, both below the 40 threshold, suggesting that SUI may be due for a corrective bounce. However, the price has declined significantly over the past week (-20.53%), 14 days (-29.43%), and 30 days (-31.73%), indicating persistent selling pressure and bearish sentiment.

The all-time high for Sui remains significantly above the current price at $5.35, achieved on January 4, 2025, highlighting the potential for recovery but also emphasizing the distance to regain bullish momentum. In the current market context, given the oversold indicators and potential for short-term recovery, a cautious Buy rating is warranted, provided that investors monitor for signs of reversal and increased volume in the coming sessions.