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SUI token closes below key level, invalidating bullish setup toward $1.30

Technical Signals
20 Oct 2026
Tokenpost
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Bearish
SUI token closes below key level, invalidating bullish setup toward $1.30

The SUI token closed at $0.9764 on October 17, falling below the critical $0.9797 level that would have supported a rise to $1.3017. This close invalidated an earlier bullish chart pattern that required a daily close above the descending channel's upper edge. On October 20, technical analysis showed resistance near $1.0156 and support around $0.9801, indicating a cautious outlook. SUI is used for gas fees and staking on the Sui network, and its price movements are closely watched by investors for potential gains.

As of Oct 20, 2026 23:22 WIB, SUI trades at Rp18.231 on Pluang, showing a 1-day gain of 2.05%. The token's market cap stands at Rp74,57 trillion with a 24-hour trading volume of Rp7,83 trillion. Despite the recent chart setback noted in the article, Pluang users currently favor buying SUI, with 72% of order activity on the platform being buy orders.

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