Sui (SUI) is currently priced at $0.85175, experiencing a notable decline of 6.04% over the last 24 hours. The trading volume stands at approximately $935.49 million, which contributes to a relatively high volume-to-market cap ratio of 28.57%, indicating active market participation.

The price action shows a daily range between $0.829919 and $0.913851, which reflects a volatility of about 8.97%. The hourly moving averages present a bearish outlook, with the 8 SMA indicating slight support at $0.8516, while longer-term averages (21 SMA at $0.8813 and 55 SMA at $0.9165) suggest significant resistance levels above the current price.

The 1-hour Relative Strength Index (RSI) is at 32, indicating that SUI is approaching oversold conditions, which may attract buyers soon. However, the 7-day RSI at 46 suggests a lack of strong momentum, and with a recent price decline of 11.34% over the past week, bearish sentiment prevails.

In the longer term, SUI has faced a significant downtrend, with a 30-day price change of -37.31%. This continued downward pressure, coupled with the price being far from its all-time high of $5.35, raises concerns about the asset's current market strength and overall health.

Considering the technical indicators and current price action, the recommendation is to Hold SUI at this time. While the asset may see short-term fluctuations, the lack of upward momentum and the potential for further declines necessitate caution before making additional purchases.