Sui (SUI) is currently trading at $1.09, reflecting a 24-hour decline of 3.30%. The daily trading range has been relatively tight, oscillating between a high of $1.15 and a low of $1.076, indicating a lack of volatility in the current market environment.

Volume stands at approximately $1.07 billion, representing a volume-to-market cap ratio of 25.68%, which suggests a healthy level of trading activity for the asset. However, the persistent downward pressure is evident, with the price declining 23.76% over the past week and 35.07% over the last 30 days.

Technical indicators show bearish momentum, with hourly moving averages reflecting losses across various periods; for instance, the 8 SMA is at $1.13, down 3.21%. The RSI metrics also indicate a weakening position, with the 1-hour RSI at 39 and the 7-day RSI at 42, suggesting the asset is nearing oversold territory but not yet recovering.

Given the overall trend of declining prices and the bearish moving averages, the short-term outlook remains negative. The lack of bullish signals and recent performance indicates that further downside could be probable in the near term.

Based on the analysis, the recommendation for Sui (SUI) is to Hold. Investors should monitor for potential support levels or signs of reversal before considering any new positions, as the current trend does not favor a bullish stance.