Sui (SUI) Oct. 17 Close Invalidates $1.3017 Chart Scenario

Sui (SUI) closed at $0.9764 on Oct. 17, below the $0.9797 level that invalidated an earlier chart path to $1.3017, while an Oct. 20 technical snapshot used a price near $1.

The Oct. 16 setup required a daily close above the upper edge of a descending channel to bring $1.3017 into view. It also specified that a daily close below $0.9797 would invalidate the setup. SUI met that condition on Oct. 17, after touching $0.9528 during the session.

The Oct. 20 technical snapshot used $1.0085 as its analysis price at 11:37 a.m. ET (15:37 UTC). It calculated a daily pivot of $0.9992, resistance at $1.0156 and $1.0481, and support at $0.9801. That support estimate is distinct from the earlier setup’s $0.9797 invalidation level.

SUI is used for gas fees and staking on the Sui network. An earlier snapshot at 11:18 a.m. ET (15:18 UTC) Oct. 20 listed a $1.04 rolling 24-hour high, but that high alone does not establish a daily close above the descending channel.