【An abnormal signal is on-chain, 95% of people haven’t noticed】

Recently, there’s a rather counterintuitive phenomenon in on-chain data: SUI address activity has started climbing before the price even shows improvement.

In plain terms, it looks like someone is quietly accumulating.

Right now, the SUI price is pinned at $ 0.68. It’s up 0.7% over the past 24 hours, but down 1.3% over seven days. The chart looks like it’s just sitting there and doing nothing. But when you look at the Fear & Greed Index—34—that’s clearly in the fear zone.

So the question is: if the fear index is already this low, why is SUI still holding steady without continuing to dump? That’s not weakness—it’s someone controlling the game.

From a business logic standpoint: after falling from its recent high by 87%, this drop has already entered the oversold zone. Being oversold doesn’t guarantee a bottom, but it usually means selling pressure has mostly been released. At this level, institutions may not be willing to buy, and retail traders are afraid to step in. This kind of vacuum is often the window when market makers build positions.

As for action: my signal is **neutral-to-bullish, but you need to wait for confirmation.**

As long as the key support at $ 0.658349 holds and isn’t broken, the structure hasn’t broken. If it’s defended here, then once a breakout above $ 0.701643 occurs with volume, you can consider following from the right side. At this spot, chasing isn’t necessary—wait for direction to become clear.

On the macro front: Trump is scheduled to meet with crypto CEOs next week, which could be a short-term mood booster. But don’t expect a single piece of news to change the trend—the signal of a policy bottom matters more than the headline itself.

Whether SUI can really rise in the future comes down to one thing: whether its technical narrative can truly land—turning into real user growth and TVL. Even if the price is low, if nobody uses it on-chain, it’s pointless. Whether it’s worth holding at this level depends on whether you believe it can run.

What’s your signal direction? Let’s chat.