SUI Breaks Out as Whale Activity and Futures Demand Surge

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Key Takeaways:

• SUI has broken above a long-standing triangle pattern, surging past $3.60 with bullish confirmation from volume and order size.
  
• Whale accumulation and strong Futures demand indicate fundamental support for continued upside.
  
• Short-term risks include increased exchange inflows and overbought technical conditions near the $4 resistance zone.

Sui [SUI] has broken out of a multi-month symmetrical triangle pattern, surging by 12.8% to breach the $3.60 level for the first time in months. The breakout, which took SUI toward the 0.786 Fibonacci retracement level, marks a significant technical reversal after months of constrained price action. As of writing, SUI trades at $4.00—hovering near a crucial supply zone—while indicators point to growing bullish conviction.

Whale Activity Behind the Rally

One of the standout drivers of SUI’s breakout is a notable spike in average spot order size, identified as “Big Whale Orders.” These large transactions suggest institutional players, rather than retail investors, are behind the surge.

Whale accumulation typically signals strategic positioning for longer-term gains, potentially providing price stability and momentum. Data from CryptoQuant shows consistent large orders over multiple sessions—further strengthening the argument that the rally is fundamentally supported.

Exchange Inflows Signal Caution

Despite the bullish backdrop, SUI recorded $6.49 million in positive exchange netflow, the highest in recent weeks. Historically, a rise in net inflows suggests that holders may be preparing to take profits—posing a short-term risk to upward momentum.

While not every inflow results in immediate selling, the trend reflects an increased likelihood of consolidation or brief retracement, particularly if sell-side pressure increases across exchanges.

Futures Market Still Shows Strong Demand

In contrast to spot market caution, SUI’s Futures segment continues to flash bullish signals. The 90-day Cumulative Volume Delta (CVD) shows dominant taker buy volume, indicating that traders are aggressively placing long positions.

The positive Funding Rate of 0.0089% also confirms strong demand, with traders willing to pay a premium to maintain long exposure. If spot traders rejoin the rally, the combination could reignite price acceleration toward higher resistance zones.

Also Read: SUI Nears $4 After 35% Weekly Surge as DeFi TVL Hits $2.2B Milestone

Technically, SUI is now testing a key supply zone between $3.83 and $4.05—a region that previously capped price rallies. Additionally, the daily RSI sits at 72.70, confirming overbought conditions. The asset is also nearing the upper Bollinger Band, a dynamic resistance that may prompt a pullback or sideways movement.

Should bulls successfully flip this supply zone into support, the next major target lies at $4.80 based on Fibonacci projections.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.