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Sui aims to break $1.05 resistance, targeting $12 amid mixed market sentiment.

Technical Signals
22 Oct 2026
Dailycoin
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Neutral
Sui aims to break $1.05 resistance, targeting $12 amid mixed market sentiment.

Sui Network's native coin is attempting to surpass the critical $1.05 resistance level, which is key to avoiding a drop below $0.95 and possibly $0.88. Market analysis using Elliott Wave theory suggests a bullish fractal pattern with potential long-term targets between $12 and $15, though profit-taking is expected around $9 to $11. Despite high trading volume indicating demand, overall market sentiment remains bearish, with futures markets showing mixed signals. The next moves depend on whether bulls can sustain support at the rising activity level near $1.05.

SUI trades at Rp17,604 on Pluang as of Oct 23, 2026 01:21 WIB, down 6.49% in the last day. The market cap stands at Rp72.81 trillion with a 24-hour trading volume of Rp13.6 trillion. Selling pressure dominates with 71% of order activity on Pluang, while typical holders keep their positions for about 39 days.

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