🔥 $SUI BOUNCES FROM $1 SUPPORT IS A RECOVERY COMING?
SUI has bounced from the $1 support zone as the broader crypto market shows signs of recovery.
📈 Key levels to watch:
* $1.10: First resistance to reclaim.
* $1.30: Next upside target if bullish momentum continues.
* $1.50: A potential extension target if buyers regain control.
The fundamentals are getting attention, too. On October 7, Sui demonstrated a peak throughput of 40.61 million transactions per second (TPS) using programmable off-chain tunnels, compared with approximately 6.09 million TPS in its July test an increase of more than 6x. These tunnels settle to the Sui mainnet when closed🚀🚀🚀🚀
This is a notable technical milestone for Sui’s infrastructure and its potential to support high-frequency transactions, including AI-agent payments. However, record TPS alone does not guarantee increased token demand or a higher SUI price.
The bullish scenario: Reclaim $1.10, build momentum toward $1.30, and potentially extend to $1.50.
The key is whether buyers can sustain the recovery and break through resistance.
Long $SUI
SUI has bounced from the $1 support zone as the broader crypto market shows signs of recovery.
📈 Key levels to watch:
* $1.10: First resistance to reclaim.
* $1.30: Next upside target if bullish momentum continues.
* $1.50: A potential extension target if buyers regain control.
The fundamentals are getting attention, too. On October 7, Sui demonstrated a peak throughput of 40.61 million transactions per second (TPS) using programmable off-chain tunnels, compared with approximately 6.09 million TPS in its July test an increase of more than 6x. These tunnels settle to the Sui mainnet when closed🚀🚀🚀🚀
This is a notable technical milestone for Sui’s infrastructure and its potential to support high-frequency transactions, including AI-agent payments. However, record TPS alone does not guarantee increased token demand or a higher SUI price.
The bullish scenario: Reclaim $1.10, build momentum toward $1.30, and potentially extend to $1.50.
The key is whether buyers can sustain the recovery and break through resistance.
Long $SUI