Drops

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Resistance

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li style="font-weight: 400">SUI trades at $0.9796, down 2.74% in 24 hours and 10.74% over seven days.</li>
 <li style="font-weight: 400">Expert More Crypto Online identifies $0.929 as the next support within SUI’s descending wedge pattern.</li>
 <li style="font-weight: 400">Analyst Giannis Andreou marks 0.85–0.86 as support, with $0.66 as the chart’s invalidation level.</li>
 <li style="font-weight: 400">SUI must reclaim $1.04 and $1.34 before higher resistance levels enter focus.</li>
</ul>
Sui (SUI) is trading near $0.98 as selling pressure continues across the <a href="https://blockonomi.com/altcoin-market-cap-jumps-215-billion-as-altseason-signals-grow/" rel="noopener noreferrer nofollow">altcoin market</a>. CoinGecko data puts SUI at $0.9796, down 2.74% over 24 hours and 10.74% over the week.
Technical analysts are watching support levels as the token continues to form lower lows.&nbsp;
More Crypto Online identifies $0.929 as the next critical support within a descending wedge pattern. Meanwhile, Giannis Andreou’s weekly analysis identifies $0.85 to $0.86 as another important downside zone.
The charts show SUI trading far below its previous highs above $5. However, any recovery must overcome several resistance levels before the broader bearish structure changes.&nbsp;
The immediate focus remains on whether buyers can defend support or selling pressure pushes prices lower.
<h2 id="b-sui-price-analysis-why-0-929-matters-b">SUI Price Analysis: Why $0.929 Matters</h2>
More Crypto Online’s analysis on X identifies $0.929 as the next support level for SUI.&nbsp;
The accompanying one-hour <a href="https://parameter.io/deribit-integration-complete-as-coinbase-prepares-pro-platform-revival-for-2026/" rel="noopener noreferrer nofollow">Coinbase</a> chart places the 50% Fibonacci retracement at approximately $0.9294. SUI was trading near $0.9868 on that chart, leaving support below the observed price.
<div class="embed-x">
 <blockquote class="twitter-tweet">
 <a href="https://x.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SUI</a> Altcoins are still struggling and SUI is still forming lower lows. SUI is forming a descending wedge and the next support level is located at $0.929. <a href="https://t.co/YrkhPbX79z" rel="noopener noreferrer nofollow">pic.twitter.com/YrkhPbX79z</a>
 — More Crypto Online (@Morecryptoonl) <a href="https://x.com/Morecryptoonl/status/2111662082391261364?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 18, 2026</a>
 </blockquote>
</div>
A descending wedge forms when price moves between downward-sloping trendlines that gradually converge. Traders monitor these patterns for potential breakouts, although the formation alone does not confirm a reversal. SUI’s continued lower lows suggest sellers remain in control of the current price structure.
The $0.929 level therefore represents a nearby technical area to watch. A sustained move below it could expose lower support, although the supplied analysis does not establish the next downside target. Conversely, a recovery would need buying pressure and resistance breaks to strengthen the bullish case.
CoinGecko’s figures reinforce the weakness visible on the charts. SUI’s 24-hour trading volume stands at $645,383,763, alongside its weekly decline of 10.74%.&nbsp;
Volume provides market activity context, but these figures alone cannot establish whether selling pressure is about to ease.
<figure style="width: 100%" class="wp-caption alignnone"><img src="https://blockonomi.com/wp-content/uploads/2026/10/Screenshot-51.png" alt="" width="1162" height="612">
 <figcaption>
 SUI price on <a href="https://www.coingecko.com/en/coins/sui" rel="noopener noreferrer nofollow">CoinGecko</a>
 </figcaption>
</figure>
<h2 id="b-sui-price-analysis-can-buyers-reclaim-1-04-b">SUI Price Analysis: Can Buyers Reclaim $1.04?</h2>
Giannis Andreou’s weekly chart identifies $1.04 as the first resistance level <a href="https://blockonomi.com/bitcoin-blockchain-backs-sui-network-contracts-and-agent-payments/" rel="noopener noreferrer nofollow">SUI</a> needs to reclaim.&nbsp;
The latest weekly candle faced rejection near $1.14 before falling below that threshold. Resistance at $1.34 presents the next major hurdle for any sustained recovery.
On the downside, Andreou highlights $0.85 to $0.86 as an immediate support zone. A sustained weekly close below this region would weaken the recovery scenario and expose the marked $0.66 invalidation level. These levels represent chart-based scenarios rather than guaranteed price outcomes.
<div class="embed-x">
 <blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4ca.png" alt="📊" style="height: 1em; max-height: 1em;"><a href="https://x.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SUI</a> WEEKLY ANALYSIS: THE RECOVERY HAS SEVERAL LEVELS TO CLEAR<a href="https://x.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SUI</a> is trading around $0.99 on this chart, following a prolonged decline from above $5. The major descending trendline remains overhead, so the broader bearish structure has not yet been reversed.
 The latest… <a href="https://t.co/HwUGbjvQah" rel="noopener noreferrer nofollow">pic.twitter.com/HwUGbjvQah</a>
 — Giannis Andreou (@gandreou007) <a href="https://x.com/gandreou007/status/2111593098916581546?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 17, 2026</a>
 </blockquote>
</div>
A stronger recovery would require SUI to reclaim $1.34 and establish support above it. The chart then identifies $1.80 and $2.35 as subsequent resistance levels.&nbsp;
A break above the descending trendline would provide additional evidence that the longer-term structure is improving.
Beyond $2.35, Andreou’s chart marks $3.92 as another resistance level, followed by previous highs above $5. However, these targets belong to a longer-term bullish scenario, not an established price trajectory.
The immediate distinction is between holding support and confirming a reversal. SUI must first navigate the $0.929 level highlighted by More Crypto Online and the lower $0.85 to $0.86 zone identified by Andreou.&nbsp;
Until resistance levels are reclaimed, the prevailing bearish structure remains intact.
SUI faces several technical hurdles despite the possibility of a recovery. Support near $0.929 is the immediate focus, while $1.04 and $1.34 are important upside levels to monitor.
The post <a href="https://blockonomi.com/sui-price-analysis-0-929-support-at-risk-as-sui-drops-10/" rel="noopener noreferrer nofollow">Sui Price Analysis: $0.929 Support at Risk as SUI Drops 10%</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Sui Price Analysis: $0.929 Support at Risk as SUI Drops 10%

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