SUI appears to be entering a critical accumulation phase as its weekly chart reveals strong institutional footprints. Despite extended drawdowns, macro structure remains intact, liquidity has been swept, and price is compressing near key demand.
These conditions often precede major volatility expansions, suggesting risk may be quietly shifting from sellers to patient long-term buyers.
On the weekly timeframe, SUI continues to respect a long-standing ascending channel that has defined its broader market cycle since early price discovery.
While the asset has experienced aggressive drawdowns that weakened short-term sentiment, the price never violated its macro structural support.
This behavior is often interpreted as preparation rather than failure, particularly when viewed through an institutional lens.
Recent price action shows multiple deep wicks into the lower boundary of this channel, sweeping equal lows and triggering stop-loss clusters.
These moves resemble classic sell-side liquidity grabs, where downside pressure is temporarily exaggerated to force weaker participants out of positions.
Rather than accelerating lower, price quickly stabilized after these sweeps, signaling that large buyers were absorbing available supply.
Institutions rarely chase upside momentum. Instead, they accumulate during periods of compression, uncertainty, and low participation — conditions currently visible on SUI’s weekly chart.
Volume behavior supports this narrative, with selling pressure diminishing despite marginal new lows. This suggests that the available supply is being gradually exhausted.
As long as SUI continues to close above its high-timeframe demand region, the broader structure remains constructive.
Historically, similar setups across major digital assets have preceded powerful trend expansions. Once resistance is reclaimed market structure flips decisively bullish.
From a Wyckoff perspective, SUI appears to be transitioning out of a late-stage markdown phase and into early accumulation. The current structure closely resembles historical fractals seen in assets such as NEAR.
Extended declines eventually led to prolonged basing periods rather than immediate reversals. SUI is now trading into a clearly defined high-timeframe demand zone, where downside momentum has slowed, and volatility is contracting.
This is a typical hallmark of Wyckoff accumulation, characterized by absorption, failed breakdown attempts, and gradual loss of bearish control.
Importantly, this phase tends to frustrate both bulls and bears, as price action becomes increasingly compressed and directionless. Rather than signaling weakness, this behavior often reflects a transfer of risk from sellers to patient buyers.
If the fractal continues to play out, the market may remain range-bound before producing a decisive sign of strength.
A sustained reclaim above major resistance near $4.8 would likely confirm a structural shift from corrective to impulsive price action.
Measured channel expansions following similar compressions point toward upside objectives near $5, $10, and potentially higher extensions over the cycle.
While timing remains uncertain, the structure suggests that SUI may be approaching a pivotal inflection point where accumulation gives way to expansion.
The post Smart Money Accumulates SUI as Weekly Chart Signals Expansion Phase Ahead appeared first on Blockonomi.

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