Sui (SUI) is currently priced at $0.906987, reflecting a significant 24-hour decline of 6.63%. The daily trading range has been tight, with a high of $0.97194 and a low of $0.898625, indicating potential volatility in the short term.

Volume stands at approximately 462.76 million, equating to a volume-to-market cap ratio of 13.28%, suggesting a moderate level of trading activity relative to its market cap. The hourly moving averages indicate bearish momentum, with all major SMAs showing declines ranging from -1.84% to -6.79%, signaling a potential downward trend.

The 1-hour RSI is positioned at 35, indicating that SUI is nearing oversold territory, while the 7-day RSI at 46 suggests a lack of strong upward momentum. Price changes over the past week, two weeks, and month have been negative, with declines of 2.80%, 8.24%, and 39.71% respectively, highlighting ongoing selling pressure.

SUI's all-time high of $5.35 was reached on January 4, 2025, indicating significant downside potential from the current price level. The market appears to be in a corrective phase, with resistance levels established above current price points and persistent bearish sentiment.

Given the current technical indicators and the overall bearish trend, a cautious approach is warranted. The combination of low RSI values, negative price changes over various time frames, and resistance from moving averages suggests that the market is not yet ready for a reversal.

Rating: Sell. The prevailing downward momentum, coupled with negative price trends and bearish technical indicators, indicates that further declines are likely before a potential bottom is reached.