Key Notes
- SUI has rebounded above $1 after falling to $0.95, but faces immediate resistance at $1.05.
- The four-hour RSI at 49.09 signals neutral momentum, leaving the possibility of further downside.
- SUI is trading above six of its eight moving averages, suggesting improving short-term momentum.
- A break above $1.05 could open the way toward $1.08 and $1.10, with $1.20–$1.24 as a higher resistance zone.
- If selling pressure returns, SUI could retest $0.95, with further support near $0.92 and $0.85.
According to CoinMarketCap, at the time of writing, Sui is up 4.7% in the past 24 hours, trading around the $1.03 mark. Notably, the surge above $1 comes shortly after the token dipped to a $0.95 low amid a recent market downtrend. The market has since then bounced back, with several assets, including Bitcoin and Ethereum, trading in the green zone.
Meanwhile, Sui’s recovery also comes on the heels of a significant partnership with Samsung Wallet and the release of a new AI agent infrastructure. While reclaiming the $1 level is a psychological milestone, holding this region is the next crucial step to sustain a bullish rebound. CoinMarketCap has identified the $1.05 level as the next significant resistance for SUI.
Thus, such a move above this level can further strengthen the recovery argument. But failure to make a clean break past the resistance area can push SUI below $1, which would in turn expose the token to renewed selling pressure.
Technical Indicators Show Mixed Outlooks
A look at SUI’s technical outlook shows improvement, but overall market sentiment remained mixed. The token’s RSI (relative strength index) on the 4-hour timeframe currently sits at 49.09, placing momentum in the neutral territory. An RSI move above 50 would indicate a bullish shift in buying pressure.
However, positioning at the neutral ground could expose SUI to further downside if buying pressure decreases. Its moving averages, though is telling a different story, as it shifted to a buy signal perdata from TradingView. Interestingly, SUI has kept trading above six of its eight Moving Averages.
Market expert Michael Van De Poppe has claimed that SUI’s sharp dip indicates that it has finalised its correction. The expert highlighted that Sui falling from $1.25 to $0.95 is a 20% correction. Using a chart, he revealed that SUI is bearish on the lower timeframe, but a quick turn could push the token above $1.05, opening the way for a new high.
$SUI might have finalized its correction already.
As Bitcoin is showing weakness, you can clearly see this happening across the board.
Now, if you look at the volatility of Bitcoin, the upside was $87,000 and then it corrected 10%.
I would assume that #Altcoins correct deeper… pic.twitter.com/Q0dhE8NTKT
— Michaël van de Poppe (@CryptoMichNL) October 20, 2026
Key Support and Resistance Levels to Watch
As of now, the most important and imminent resistance to watch is still $1.05. A daily close above this level could send SUI to the $1.08 mark if supported by stronger trading volumes. Just above this level is another resistance at $1.10, where there is a bearish order block. However, if the bulls break past this resistance, the next level to watch will be $1.20 to $1.24, where there is not only a bearish block but also a major swing resistance.
On the bearish side, though, if the sellers take control of the market, then the next major support for SUI is $0.95. This zone has recently acted as a bullish region for buyers to push its price back up. But in the event of a severe bearish trend, SUI’s next stop would be the $0.92 zone, which acts as the lower Bollinger band support. A further break below this level, though, will see SUI slide to its 200-day EMA at the $0.85 mark.
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