Sui (SUI) is currently priced at $1.34, reflecting a 24-hour decline of 3.20%. The daily price action has been contained within a range of $1.31 to $1.39, indicating a relatively tight trading environment with a daily range of just 0.08%.

The trading volume over the past 24 hours stands at approximately $631 million, which corresponds to a volume-to-market cap ratio of 12.60%. This suggests decent market activity, but the negative price movement indicates potential selling pressure amidst this volume.

Short-term moving averages show mixed signals; the 8-period SMA at $1.35 is down 0.85%, while the 13-period and 21-period SMAs are showing minimal declines. However, the longer-term moving averages, such as the 55-period and 144-period SMAs at $1.43 and $1.49 respectively, indicate a bearish trend with losses of 6.50% and 10.26%.

The 1-hour RSI is at 64, suggesting that the asset is nearing overbought conditions, while the 7-day RSI is lower at 43, indicating potential weakness. Over the last week, SUI has experienced a price drop of 12.23%, and the longer-term outlook is similarly bleak with a 14-day decrease of 17.81% and a staggering 30-day decline of 43.51%.

Despite the all-time high of $5.35 reached on January 4, 2025, the current price reflects a significant loss of momentum. This deterioration, combined with the mixed technical indicators, suggests that traders should be cautious moving forward.

Given the current technical and fundamental landscape, the recommendation for Sui (SUI) is a Sell rating. The negative price trends, bearish moving averages, and declining RSI values indicate continued selling pressure, and investors may want to exit positions to mitigate losses.