Sui (SUI) is currently trading at $1.34, reflecting a significant 24-hour decline of 13.77%. The daily trading range has been minimal, with the price oscillating between a high of $1.56 and the current price, indicating bearish sentiment as it touches the low end of this range.

Volume has surged to 749,199,792, representing a notable 15.12% of market capitalization, suggesting heightened trading activity amid the downturn. The short-term moving averages are all trending negatively, with the 8-period SMA at $1.37 and a decline of 2.49%, indicating immediate resistance levels that traders should monitor closely.

The 1-hour RSI is at an extreme low of 8, signaling that SUI is significantly oversold in the very short term. Meanwhile, the 7-day RSI at 45 suggests a neutral momentum but hints at a potential continuation of the downward trend if selling pressure persists.

Over the past 7 days, SUI has decreased by 2.52%, while the 14-day and 30-day price changes show sharper declines of 17.99% and 43.44%, respectively. This multi-timeframe analysis indicates a consistent bearish trend, which is reinforced by the ongoing price action below key moving averages.

Given the all-time high of $5.35, the current price of $1.34 represents a substantial drawdown, and recovery may be hindered by current market conditions. With the current negative momentum and the technical indicators suggesting further downside potential, a cautious approach is warranted.

Recommendation: Sell. The data indicates strong bearish momentum with oversold conditions that could lead to a further price decline before any potential recovery. It is advisable to exit positions and wait for more favorable market conditions before considering re-entry.