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

Table of Contents 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. SUI 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. $SUI 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… pic.twitter.com/7QtIw3XFOH — 2xnmore (@2xnmore) May 17, 2026 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 bullish. Neither has happened yet. 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. Source: Cryptoquant 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.