Sui (SUI) is currently priced at $1.35, reflecting a 24-hour decline of 2.66%. The daily trading range has been relatively narrow, with a high of $1.40 and a low of $1.31, indicating limited volatility in the short term.

Volume stands at approximately $748 million, equating to 14.79% of its market capitalization, which suggests moderate liquidity. The hourly moving averages display a bearish trend, particularly the 55 SMA and 144 SMA, which are significantly above the current price, indicating potential resistance levels at $1.45 and $1.50, respectively.

The 1-hour RSI is at 39, suggesting that SUI is nearing oversold conditions but still lacks bullish momentum. The 7-day RSI at 43 confirms a bearish sentiment, with the price down 12.24% over the week and a more significant drop of 42.63% over the past 30 days, emphasizing the ongoing downward trend.

The all-time high for SUI was $5.35, achieved in January 2025, indicating substantial room for recovery but also highlighting the current distance from that peak. The persistent decline over multiple time frames raises concerns about market sentiment, further supported by the bearish indicators observed in both RSI metrics and moving averages.

Given the current price action, bearish momentum, and resistance levels that could limit upward movement, a Hold rating is warranted. Investors should monitor for signs of stabilization or reversal before considering entry points, as the market remains under pressure with no immediate bullish signals.