Sui (SUI) is currently trading at $1.63, reflecting a slight decline of 1.87% over the last 24 hours. The daily price range has been narrow, fluctuating between a low of $1.62 and a high of $1.70, indicating a stable trading environment with a volume of approximately $746 million, which represents 12.25% of its market cap.

The short-term moving averages (8 SMA, 13 SMA, 21 SMA, and 55 SMA) are all trending downwards, with the 8 SMA at $1.66 showing a decline of 2.08%. In contrast, the longer-term 144 SMA is up 6.22% at $1.53, suggesting that while short-term sentiment is negative, there is potential bullish momentum building in the longer term.

The 1-hour RSI is currently at 36, indicating that SUI is approaching oversold conditions, which may lead to a price rebound if buying interest returns. However, the 7-day RSI at 54 suggests a neutral outlook, with recent price changes of 6.40% and 10.12% over the past week and two weeks, respectively, indicating some recovery from a more significant downturn.

Notably, the 30-day price change of -19.50% signals a bearish trend over a longer period, and SUI remains well below its all-time high of $5.35 reached in January 2025. The current technical indicators combined with the overall market sentiment suggest a cautious approach is warranted.

Given the mixed signals from both short and long-term indicators, alongside the recent price action, the recommendation is to hold SUI at this time. Investors should monitor for signs of a reversal in the short-term moving averages and improvements in RSI metrics before considering additional positions.