Sui (SUI) is currently trading at $1.61, reflecting a 3.70% increase over the last 24 hours. The asset has demonstrated a daily trading range of $1.52 to $1.65, indicating some volatility but maintaining stability within this range.

The trading volume for SUI is substantial at approximately $936.56 million, translating to a volume-to-market cap ratio of 15.54%. This suggests healthy trading activity and investor interest, which is essential for price stability and potential upward momentum.

Looking at the moving averages, the 8 SMA at $1.56 shows a 2.97% increase, while the 144 SMA at $1.58 shows a smaller increase of 1.93%. This indicates a short-term bullish trend, as shorter moving averages are consistently above longer ones, suggesting increasing momentum.

The Relative Strength Index (RSI) metrics reveal a balanced outlook, with the 1-hour RSI at 53 and the 7-day RSI at 57. These figures indicate that SUI is neither overbought nor oversold, allowing for further price movement without immediate risk of correction.

In terms of price performance, SUI has shown a positive 7-day change of 4.44% and a more significant 14-day change of 16.52%. However, the 30-day change of -26.08% signals a longer-term bearish trend that could be a concern for potential investors.

Despite the recent positive movement, SUI is still significantly below its all-time high of $5.35 achieved in January 2025. This disparity suggests that while there may be room for growth, the asset needs to build significant bullish momentum to recover its previous highs.

In conclusion, based on the current analysis, the recommendation for SUI is to Hold. The recent upward movement and healthy trading volume indicate potential for further gains, but the longer-term bearish trend and distance from the all-time high warrant caution before making a buy decision.