Is Sui price correction over? Analysts identify key levels to watch

Sui has slipped below $1 as traders weigh a possible rebound from support against weakening daily momentum, with analysts identifying $1.05 as the first major test of a recovery. Summary SUI traded near $0.99 on October 20, down 0.47% in 24 hours and 5.6% over seven days. Analyst Michaël van de Poppe identified $1.05 as a key resistance level for a possible recovery. Technical indicators show bearish momentum, with the MACD below its signal line and SUI trading under its 20-day moving average. Giannis Andreou identified 0.82–0.88 as a potential support zone before another recovery attempt. Samsung Wallet’s upcoming USDC integration and Sui’s offchain throughput test add network developments to monitor. According to crypto.news market data, SUI traded at $0.990355 at press time, down 0.47% over 24 hours and 5.6% over the previous seven days. The token traded between $0.976424 and $1.01 during the session, while reported daily volume stood at $357 million. Notably, its monthly gain of 21.01% contrasts with a 62.4% decline over the past year. SUI’s market capitalization was approximately $4.08 billion, based on 4.12 billion circulating tokens, making its short-term price recovery a di...