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SUI token holds near $1.20 amid altcoin weakness, eyes $1.35 breakout for upward momentum.

Technical Signals
07 Oct 2026
Blockonomi
View Source
Neutral
SUI token holds near $1.20 amid altcoin weakness, eyes $1.35 breakout for upward momentum.

The SUI token is trading around $1.20 after recovering from a 2026 low near $0.64, but remains in a consolidation range between $1.15 and $1.25. Technical analysts highlight $1.35 as a key resistance level that, if broken and retested, could signal a move toward $1.50 or higher. The token dropped about 4.5% in the last 24 hours, reflecting broader altcoin market weakness rather than specific negative news. Large short positions by Abraxas Capital and mixed technical indicators suggest cautious trading ahead, while SUI's integration with AI verification systems via Mysten Labs and Google Cloud may support future demand.

Following the recent 4.5% drop in SUI mentioned in the article, on Pluang the SUI token is trading at Rp20.390, down 4.84% as of Oct 07, 2026 15:12 WIB. The market shows a strong buying interest with 66% of orders to buy and a typical hold time of 38 days. Meanwhile, NEAR Protocol is priced at Rp92.458, down 1.82%, reflecting some broader altcoin weakness on the platform.

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SUI token trades near $1.20 amid resistance and mixed market signals after recent recovery.

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