Sui (SUI) is currently trading at $1.12, experiencing a modest 24-hour change of 0.75%. The daily price range indicates volatility, with a high of $1.16 and a low of $1.09, resulting in a narrow daily range of just 0.069%.

Trading volume stands at approximately $1.11 billion, with a volume-to-market cap ratio of 25.85%, suggesting active trading interest. However, the hourly moving averages indicate a bearish trend, with all short-term SMAs (8, 13, 21, and 55) trending downward relative to the current price, particularly the 55 SMA at $1.20, which is down 6.66%.

The 1-hour RSI is at 38, indicating a potential oversold condition, while the 7-day RSI of 36 reinforces this, suggesting further downward pressure may be present. Price performance over the last 7, 14, and 30 days shows significant declines of approximately -21.37%, -37.68%, and -28.51% respectively, reflecting a strong bearish sentiment in the market.

With the all-time high recorded at $5.35 on January 4, 2025, SUI is currently trading at approximately 79% below this peak. The combination of declining RSI values and bearish moving averages indicates a lack of momentum for a price recovery in the near term.

Given the technical indicators and recent price performance, SUI appears to be in a bearish phase with no clear signals of a reversal. Therefore, I would assign a Sell rating, as the current market conditions suggest further downside potential in the near term.