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SUI token shows signs of recovery with whale accumulation near $0.90-$1.00 support zone.

Technical Signals
17 May 2026
Blockonomi
View Source
Bullish
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SUI is trading at $1.0651, about 17.6% below its 200-day moving average of $1.2873, after dropping from $4.00 to $0.50 over four months. Technical indicators like RSI have moved from oversold to neutral, and the MACD gap is narrowing, signaling potential momentum building without a confirmed buy signal yet. On-chain data reveals large orders clustering around $0.90-$1.00, suggesting whale accumulation and a strong support zone. This pattern indicates selling pressure may have been absorbed, and a rebound could be on the horizon if price moves above the 200-day average with confirming signals.

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