Uniswap (UNI) and Sui (SUI) tokens see mixed price action amid whale buying and support tests
A large Uniswap whale purchased 299,454 UNI for about $1.03 million, raising its holdings to 763,061 UNI valued at $2.7 million. UNI has remained below the $4 resistance, trading in a $3.2‑$3.6 range amid generally weak demand and continued exchange outflows, which have driven the exchange supply ratio to a two‑week low.
Sui’s price is hovering around $1.03 after a 1.79 % decline, testing a key support zone near $1.00. The token’s early investor and insider vesting cycles have largely completed, easing structural sell pressure. Technical indicators show the RSI near the lower range but cooling, while the MACD hints at an early bullish crossover. Bulls aim to defend the support and push the price above the $1.10 resistance, potentially targeting higher levels.
Both tokens are navigating a broader bearish crypto market, with whale activity and reduced sell pressure offering limited upside potential while the overall sentiment stays cautious.