Sui (SUI) is currently trading at $1.59, reflecting a 24-hour decline of 2.30%. The daily trading range has been relatively tight, with a high of $1.65 and a low of $1.58, indicating low volatility in the short term.

Trading volume stands at approximately $794 million, representing 13.41% of its market cap, which suggests a moderate level of trading activity. The hourly moving averages show a bearish trend, with the 8 SMA at $1.61 down by 1.53% and the 55 SMA at $1.59 down by 0.28%, indicating selling pressure.

The 1-hour RSI is currently at 36, signaling oversold conditions, which may suggest a potential short-term rebound. Conversely, the 7-day RSI is at 49, reflecting a neutral stance in the medium term, while the price has seen a notable increase of 17.26% over the past week.

Despite recent gains, the 30-day price change shows a significant decline of 23.43%, indicating underlying weakness in the longer-term trend. The all-time high of $5.35, reached in January 2025, remains a considerable distance away, suggesting a need for strong upward momentum to regain that level.

Given the current technical indicators, the negative price momentum and declining moving averages point toward continued bearish sentiment. However, the oversold RSI conditions may present a buying opportunity for short-term traders.

In summary, while SUI has shown resilience with short-term gains, the overall trend remains bearish in the longer term. Therefore, the recommendation is to Hold for now, as the asset may be poised for a bounce but still faces significant resistance to regain a bullish outlook.