SUI is trading at $1.0912, down 0.77%, with the 50‑day and 100‑day moving averages sitting at $0.9690 and $0.9595 respectively, both inside a dense whale accumulation zone identified by CryptoQuant. The 200‑day MA at $1.2947 remains overhead resistance, while the daily RSI at 53.82 has softened from a signal line of 62.88, suggesting that momentum from the early‑May spike to $1.45 is fading but still net-positive.
On‑chain order size data reveals that the heaviest concentration of whale orders over the past three months falls precisely in the $0.90–$1.00 range. This clustering aligns with the short‑term moving averages, creating a strong structural support that could be tested if the current pullback continues. A decisive close below $0.90 would breach that whale zone, while a reclaim of $1.2947 on expanding volume could signal a trend shift.
Meanwhile, the SUI ecosystem is expanding rapidly. Tokenized real‑world assets on Astros AG surpassed $200 million in volume within a week of launch, native stablecoin supply via CurrentSUI hit $8.89 million with a 72% utilization rate, and Ledger reported a 21.75% jump in SUI trading activity. The catalyst that could amplify this momentum is next week’s scheduled gasless upgrade, which will remove the need for users to hold native tokens to pay for transactions, dramatically lowering onboarding friction for mainstream users.
