The SUI network achieved its highest network throughput of the year with 1,539 transactions per second (TPS). This record marks a significant increase in user mobility on the network. However, during the same period, the SUI token traded at $0.91 and approached the critical support zone of $0.90.
New peak in the network, pressure on token price
Transaction capacity on the network hit an all-year high today of 1,539 TPS. TPS (Transactions Per Second) shows how many transactions a blockchain can process per second. The rise of this metric revealed that the SUI network experienced a significant increase in transaction volume and user demand in the short term.
In the new post, the Sui Community account announced that SUI has officially reached 1,539 transactions per second and stated that this increase could strengthen network performance in the future.
This revival in the network coincided with a period when the SUI price moved in the $0.90-$1.00 range. According to experts, although the network statistics have broken records, the SUI price has not yet recovered from the short-term pressure and remains behind the previously seen technical levels.
Price remains below key technical levels
SUI accelerated from $ 1.26 to $ 3.80 in the past months and then gave back all of this rise. In the chart, it is stated that the ranges of 1.80, 2.23, 2.53, 2.83 and 3.20 dollars, especially the 1.26 dollar level, may be resistance points in the following increases.
The token currently remains below the $1.26 key level. This threshold has previously served as a serious support, and as long as the price holds below it, the market outlook remains weak. In the near term, the $1.00-1.10 range is watched as the first important resistance. If the daily closing is above these levels, it is predicted that new buying interest may be generated by the market.
| Level | Type |
|---|---|
| $0.90 | strong support |
| $1.00 – $1.10 | short term resistance |
| $1.26 | Important technical threshold |
| $1.80 – $3.20 | Higher resistors |
Weak trend in momentum indicators
The RSI value on the daily chart of SUI was measured around 37. The current level of this indicator indicates significant selling pressure, but not yet a direct sign of an oversold situation. Analysts emphasize that if the RSI rises above the 50 level, it will indicate that the buyers may regain control.
In the MACD indicator, a weak appearance stood out below the signal line. The slightly negative histogram also reflects that sellers are still influential in the market. In light of all these technical indicators, if the price remains above the main support at $0.90, the chances of a short-term bounce may continue. However, it is stated that if this level falls below, sales may accelerate towards the 0.70-0.75 dollar range.
Mini dictionary: MACD (Moving Average Convergence Divergence) is a technical analysis indicator used to measure the change in price and momentum of the asset. It is generally evaluated to detect trend changes and balance of power.
Overall, SUI remained weak in price action and did not give a clear signal of recovery without breaking through previous resistance levels again. Although the TPS record on the network shows that the basic activity continues, comments stand out that both support areas must be protected and resistances must be overcome in order for the price to come forward.
