SUI continues to demonstrate technical resilience, with on-chain and market data pointing to a phase of strategic accumulation by buyers. Following a deep correction from its 2024 highs, the asset is holding firm within a key weekly accumulation zone, with buyers actively reloading positions at lower price levels.
From a technical perspective, analyst Crypto Patel notes that SUI is holding a high-timeframe accumulation zone on the weekly chart. A strong weekly bullish order block between $1.50 and $1.30, overlapping with a Fair Value Gap (FVG), is providing sustained support. Price action has already responded with an approximately 45% bounce from this demand region. The broader market structure suggests a re-accumulation phase, with the rising channel structure remaining unbroken. The key level for the macro bullish thesis is $1.20; a weekly close below this would invalidate the outlook, while defense of it keeps the accumulation narrative in play. Upside targets are cited at $5, $10, and $20.
Concurrently, on-chain metrics show growing strength. SUI's Total Value Locked (TVL) has reached a significant milestone of $1.04 billion, indicating strong investor interest and ecosystem growth. Trading activity also reflects increased accumulation, with SUI gaining 6.81% against Bitcoin (BTC) and 7.05% against Ethereum (ETH) recently. This signals enhanced market confidence and a strengthened position within crypto portfolios.
Analysts point to historical patterns where similar accumulation phases preceded rallies, such as SUI's rise to $3.4 after previous loss phases. The current price is noted to be holding at a $1.34 support level, reminiscent of prior bases before surges. The overall setup is described as patience-driven, offering attractive risk-to-reward conditions for traders as the weekly structure develops.
