On June 4, the Sui network processed the highest TPS ever recorded in its network history. This happened during a public livestream test, the Sui team confirmed.
AI agents and users used Sui’s “programmable tunnels,” an off-chain payment and state channel that settles on Sui when the mainnet is closed, during the experiment. Sui hit a peak of 6,086,766 TPS, six times more than the 1 million TPS targeted.
The milestone was also 20 times higher than the network’s prior benchmark of 297,000 TPS. The massive TPS emphasizes Sui’s massive scalability and the efficiency of the programmable tunnels in large-scale payment and gaming applications.
Sui Faces Key Short-Term Barrier at $0.74
On the daily chart, Sui (SUI) has reached an important technical level, with price testing a descending resistance trendline that has capped rallies for weeks. The token is at a decisive point, where a breakout could trigger a stronger recovery, while another rejection would keep the broader consolidation intact.
SUI is trading inside a narrowing descending channel, with the price near the trendline resistance around $0.740. The coin attempted to break above this supply zone but peaked near $0.782 last week, pulling back to its current price of $0.739.
Notably, SUI has been consolidating within this channel since the early June capitulation, which established a lower low of $0.66. After the recent lows of $0.651 on June 25, the token began to recover, bringing it back to the channel’s upper resistance again
This presents two paths for SUI: breaking above the upper resistance to higher prices or forming another lower high and falling deeper.
SUI Breakout and Rejection Targets
In the case of a breakout, SUI could first grow 15% toward the support-turned-resistance area at $0.85. Notably, the coin consolidated around this former support between February and early June before breaking down. Sustained upward momentum would take it to $0.93
However, if buyers fail to push above the descending trendline, there could be a possible pullback toward the $0.68-$0.70 support zone. If bearish momentum persists, SUI could fall further to the channel’s lower support near $0.647.
The reaction around these levels is likely to determine whether SUI resumes its recovery or remains trapped within its broader corrective structure.
Long-Term Chart Points to a Much Larger Opportunity
The longer-term chart presents a broader technical picture that stretches back several years. It shows SUI trading near the lower boundary of a long-term descending trendline while holding above a major horizontal support area.
This prolonged compression suggests the asset is approaching the end of a multi-year downtrend. Should SUI eventually break above the descending resistance, the chart identifies $1.77 as the first major long-term objective.
Beyond that, the technical projection extends toward approximately $6.55, representing the next significant resistance area if a sustained bullish cycle develops.
Temitope Olajide
