SUI token shows signs of recovery with whale accumulation near $0.90-$1.00 support zone.
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.
➤ SUI token is showing signs of recovery, trading near a key support zone of $0.90-$1.00 due to whale accumulation. ➤ Technical indicators suggest potential momentum building, though a confirmed buy signal is still pending. ➤ A rebound is anticipated if SUI can surpass its 200-day moving average with supporting signals.
