Order

bullish

Size

Base

Reversal

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li>SUI is trading at $1.0651, sitting 17.6% below its 200-day moving average resistance level of $1.2873.</li>
 <li>RSI has recovered from extreme oversold levels to a neutral 51, leaving room for price to move in either direction.</li>
 <li>MACD has not crossed bullish yet, but the narrowing gap between lines signals building momentum below the surface.</li>
 <li>CryptoQuant data shows large orders clustering at $0.90–$1.00, pointing to whale accumulation ahead of a potential rebound.</li>
</ul>
SUI is trading at $1.0651, sitting 17.6% below its 200-day moving average of $1.2873. The token dropped from $4.00 to $0.50 over four months before stabilizing. 
Technical analysts are now watching closely as momentum indicators show early signs of recovery. Meanwhile, on-chain data from CryptoQuant points to large-order accumulation near key support zones. The chart structure tells a more layered story than the price decline alone suggests.
<h2 id="b-technical-indicators-point-to-a-market-in-transition-b">Technical Indicators Point to a Market in Transition</h2>
<a href="https://blockonomi.com/sui-token-rockets-40-weekly-as-major-staking-activity-and-cme-listing-fuel-rally/" rel="noopener noreferrer nofollow">SUI</a> printed a capitulation bottom near $0.50 in late 2025. Volume spiked sharply at those lows, which typically marks seller exhaustion rather than continued distribution. That kind of price action usually separates a dying asset from one completing a base.
Since that bottom, the Relative Strength Index has climbed from extreme oversold territory back to 51. That reading is neutral — not extended to the upside, and not under further selling pressure. It gives the chart room to move in either direction.
Analyst account@2xnmore noted that the MACD has not crossed bullish yet, but the gap between the MACD line and the signal line is narrowing.
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SUI</a> fell from $4.00 to $0.50 in four months.
 Most people who bought it stopped looking at the chart. Here is what the chart actually shows right now:
 – Price is at $1.0651. – The 200-day moving average is at $1.2873. – That 17.6% gap between price and the MA is the entire… <a href="https://t.co/7QtIw3XFOH" rel="noopener noreferrer nofollow">pic.twitter.com/7QtIw3XFOH</a>
 — 2xnmore (@2xnmore) <a href="https://twitter.com/2xnmore/status/2055936911391510786?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2026</a>
 </blockquote>
</div>
The momentum engine is building without having triggered a confirmed buy signal. That is an important distinction.
The 200-day moving average at $1.2873 remains the key structural line. A high-volume daily close above that level would shift the chart from bearish to neutral. 
A MACD crossover on top of that would then move the structure from neutral to <a href="https://moneycheck.com/ethereum-eth-price-eyes-3000-as-derivatives-signal-bullish-momentum/" rel="noopener noreferrer nofollow">bullish.</a> Neither has happened yet.
<h2 id="b-whale-order-data-suggests-accumulation-at-the-0-90-1-00-zone-b">Whale Order Data Suggests Accumulation at the $0.90–$1.00 Zone</h2>
On-chain researcher Rei Researcher referenced CryptoQuant’s Spot Average Order Size data to track large-player behavior. 
The data shows large-volume orders clustering around the $0.80–$1.00 range during market lulls, without pushing price lower. That pattern has preceded rebounds before.
<img src="https://img.cryptoquant.com/206871/quicktake/wFHoq_9caa117ad51e3d2cb9fd7c206e15919e0bd0e1c218819a47350c7b7e8e545b0c.png">
Source: <a href="https://cryptoquant.com/insights/quicktake/6a07e1b0f2609c4353776c0e-SUI-What-does-the-whales-footprint-say-about-the-current-correction" rel="noopener noreferrer nofollow">Cryptoquant</a>
The $0.90–$1.00 zone appears to function as a solid support band. When large orders repeatedly fill at that level without breaking it, it suggests institutional positioning rather than exit. That behavior contrasts with panic-driven retail selling at cycle lows.
If SUI corrects back toward that range and large-order activity increases, analysts consider it a bullish signal for the next move higher. The re-fill pattern at that level is what traders are now watching for on future dips.
The broader picture is that SUI remains in a technical rebuild phase. Price is below the 200-day MA, but the base structure and whale footprint both suggest the selling pressure has already been absorbed at lower levels.
The post <a href="https://blockonomi.com/sui-price-holds-at-1-06-as-chart-base-and-whale-accumulation-signal-a-potential-reversal/" rel="noopener noreferrer nofollow">SUI Price Holds at $1.06 as Chart Base and Whale Accumulation Signal a Potential Reversal</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

SUI Price Holds at $1.06 as Chart Base and Whale Accumulation Signal a Potential Reversal

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