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#SUI While the $0.78 resistance level stands out for SUI, mainnet scalability testing bolsters optimism.
With the $0.78 resistance level in focus, SUI's short-term direction is once again a topic of discussion.
Analysts believe the recovery structure for $SUI could persist as long as the $0.65 support level holds.
A potential breakout above $0.78 could bring the $0.95–$1.20 range into play.
Surpassing the 6 million TPS threshold during mainnet testing has provided additional support for long-term expectations.
SUI maintains its recovery trend following the lows seen in June. While technical indicators suggest that buyers remain active at specific support zones, the price appears to be approaching a critical resistance area in the short term. The market outlook remains cautiously optimistic, contingent on the $0.65 level holding firm.
Resistance zone under close watch
Analyst More Crypto Online assesses that the previously formed five-wave bearish structure has likely concluded. Against this backdrop, the SUI price is heading toward the resistance zone between $0.73 and $0.78. Maintaining the price above $0.65 is crucial to preserving the current recovery structure.
According to Elliott Wave analysis, a breakout above $0.78 could confirm that the second-wave recovery is gaining momentum. In such a scenario, the $0.95–$1.20 range emerges as the next resistance zone. Should buying pressure continue, the $1.38–$1.73 band could also be monitored as a further target area.
Conversely, if the price dips below $0.65, the current recovery scenario could weaken. In this event, the likelihood of increased selling pressure and a pullback toward the $0.49 support zone would remain a possibility.
Indicators signal limited but positive momentum
Technical indicators suggest that the trend toward recovery has not been entirely negated, despite recent price weakness. Although the MACD line remains in negative territory, it is positioned above the signal line. The fact that the histogram remains in positive territory indicates that buyers have not completely relinquished control in the short term.
Meanwhile, the RSI stands at 48.11, maintaining a position above its moving average. Although the indicator has dipped below the 50 level, it remains within the equilibrium zone. This picture suggests that neither buyers nor sellers have established a clear advantage in the market.
Mainnet test bolsters long-term outlook
Beyond price action, the Sui network achieved a capacity of over 6 million transactions per second (TPS) during a live test on its mainnet. Sui is known as a Layer 1 blockchain network designed for high-speed transactions. Notably, this latest test significantly surpassed the network's previously recorded 2.5 million TPS benchmark.
Reports indicate that the testing process began at over 1 million TPS, was conducted without transaction fees, and took place during AI agent competitions across multiple decentralized applications. This development is viewed as a factor that could boost investor confidence.
While the battle between the $0.65 support and $0.78 resistance levels will determine SUI's short-term direction, the high-capacity mainnet test has emerged as a key factor strengthening the long-term outlook. In the coming period, it will be monitored whether the price can break out of the sideways consolidation to the upside. If the $0.65 support holds and market momentum strengthens, the likelihood of a move above $0.78 could increase. Conversely, if the relatively stable trend in Bitcoin and the loss of momentum across the broader market persist, SUI may continue to trade within this range for some time.
$SUI