Sui [SUI] climbed back above $1 on October 20 , trading near $1.0227 after bouncing from recent lows around the $0.94–$0.95 price area. The token was up 2.44% at the time of this writing.
The rebound gives buyers another chance to challenge $1.05 , a level that an analyst identified as important for a turnaround. However, SUI remains below that level, leaving its recovery incomplete.
In a post on October 20 on X, van de Poppe suggested SUI might have completed its correction. He pointed to a decline from around $1.25 to $0.95 , which is about 24% .
While he acknowledged the continued selling pressure that SUI was seeing on shorter timeframes, he identified that a break above the $1.05 price area is key to a potential reversal.
The latest charts show progress toward that test. Buyers have recovered the $1 level, but with its recent moves, it still sits within the wider decline from early October.
This is important because a bounce from the lows will bring an early improvement, while a lasting recovery requires buyers to overcome areas where previous advances did not succeed.
The immediate hurdle it needs to cross lies around the $1.04–$1.05 price area. SUI reached around $1.0413 during the current daily session before easing back, showing that buyers had already approached this area.
If it is able to remain above the $1.05 price level, it would strengthen the recovery case. It could bring the next price levels near the $1.09 and $1.125 price areas into focus, although reaching them would depend on if buying continues.
If it sees a pullback, the $0.98–$1.00 price level is the nearest area to watch, but if it holds, it would help preserve the rebound. But losing it could take it back toward the $0.94–$0.95 price area.
Samsung recently announced that Sui was among the networks supporting its planned Samsung Wallet stablecoin service.
This is scheduled for the last week of October and will first support USDC for eligible U.S. users. Samsung’s cited reach of 82 million compatible Galaxy devices