Sui (SUI) is currently priced at $1.76, reflecting a slight decline of 1.32% over the last 24 hours. The daily trading range has been tight, with a low of $1.75 and a high of $1.84, indicating a period of consolidation.

Volume stands at approximately $796 million, with a volume-to-market cap ratio of 11.89%, suggesting moderate trading activity relative to its market capitalization. The hourly moving averages indicate a bearish trend, with the 8 SMA at $1.79 down 1.43% and the 55 SMA at $1.80 down 2.39%, highlighting persistent selling pressure.

The 1-hour Relative Strength Index (RSI) is at 30, indicating potential oversold conditions in the short term. In contrast, the 7-day RSI of 46 suggests that SUI is nearing neutral territory, reflecting a lack of strong momentum in either direction over the past week.

Over the last week, SUI has seen a price decline of approximately 8.37%, although it has gained about 21.83% over the last 14 days, indicating some volatility. The 30-day change of 9.88% reflects a positive trend over a longer time frame, but the current short-term indicators may lead to further caution among traders.

The all-time high for SUI remains at $5.35, achieved on January 4, 2025, signaling that there is significant room for growth from current levels. However, given the current price action and technical indicators, there is a risk of further downside in the near term.

Considering the overall technical setup, the bearish moving averages, and the low RSI readings, a cautious approach is warranted. Therefore, the recommendation is to Hold SUI for now, awaiting a clearer signal for a reversal or recovery in momentum before considering new positions.