Sui (SUI) is currently priced at $1.72, reflecting a 24-hour decline of 3.39%. The price has experienced minimal volatility in the last day, with a daily range of just 0.09%, suggesting a period of consolidation.

Volume stands at approximately 756 million, indicating a strong trading activity with a volume-to-market cap ratio of 11.61%. This volume level is significant as it suggests heightened market interest, even amidst the recent price downturn.

Moving averages show bearish momentum, with the 8, 13, and 21-period SMAs all indicating a decline of around 3.5% to 3.6%. The 55 and 144 SMAs are also down approximately 5%, further confirming a short-term bearish trend.

The 1-hour RSI is at 27, signaling that SUI is oversold in the very short term, while the 7-day RSI at 47 indicates a neutral momentum. However, the recent 7-day price change of -3.91% versus the 14-day increase of 12.19% suggests that the asset may be undergoing a corrective phase after a stronger performance.

The all-time high of $5.35, reached on January 4, 2025, provides a long-term price target but highlights the current distance from previous peaks. Overall, the market sentiment appears to be cautious, compounded by recent declines in both price and moving averages.

Considering the technical indicators and market behavior, the recommendation for Sui (SUI) is to Hold. While the short-term outlook is bearish, the oversold condition and potential for recovery in the medium to long term make it prudent to wait for clearer bullish signals before making new investments.