SUI’s 40.6 million-transactions-per-second headline did not translate into an immediate price rally. Sui reported 40,614,180 TPS on October 7 through Sui Tunnels, programmable off-chain channels that settle to mainnet when closed, rather than through ordinary base-layer transaction processing. The distinction matters when assessing whether the result should create direct demand for the token.
After closing near $1.1782 on October 7, SUI fell to about $1.1316 on October 8, according to Investing.com historical data. At 03:35 UTC, Coinotag placed spot at $1.1441, leaving the market between nearby support and resistance after the announcement failed to overcome selling pressure.
The reference to Google Cloud in the headline also needs qualification. Google Cloud’s Blockchain RPC documentation lists Ethereum mainnet and testnets, not Sui, and Google says Blockchain Node Engine and Blockchain RPC are due to shut down on December 15, 2026. There is therefore no supplied evidence that Google Cloud support was a catalyst for SUI in this move.
SUI’s daily trend remains constructive, but MACD momentum has turned negative
Coinotag’s October 8 technical reading showed SUI above all eight listed moving averages, with its 50-day SMA at $0.9026 above the 200-day SMA at $0.8564, indicating a broadly constructive daily trend. At $1.1441, SUI was above its 20-day SMA of $1.1141, 20-day EMA of $1.0934 and Bollinger middle band of $1.1141, while remaining below the upper band at $1.3295; the lower band was $0.8987.
Daily RSI (14) was 59.1, below the conventional 70 overbought threshold. The reading did not signal an overbought market, but it did not establish that a rally was imminent.
Momentum pointed the other way: daily MACD was 0.09 against a 0.10 signal line, with a negative -0.01 histogram, creating bearish momentum divergence despite the positive moving-average structure. The chart therefore presents a split signal: daily price structure remains constructive, while short-term momentum has softened; a sustained upside move would be more convincing if the negative MACD relationship improved rather than persisted.
SUI support at $1.0920 and resistance at $1.1613 define the immediate range
The nearest published levels bracket the $1.1441 spot price tightly. Immediate resistance sits at $1.1613, only modestly above spot, while nearest support is $1.0920. Coinotag describes the support as a confluence area drawing on pivot, Fibonacci, moving-average and volume-profile sources.
| Level | Price | Published context |
|---|---|---|
| Nearest resistance | $1.1613 | Clustered pivot/technical level |
| Second resistance | $1.1918 | Published pivot structure |
| Third resistance | $1.2465 | Published pivot structure |
| Nearest support | $1.0920 | Confluence of published technical measures |
| Second support | $1.0414 | Published pivot/support structure |
| Third support | $0.9776 | Published pivot structure |
For buyers, the first test is a clear move through $1.1613. Holding above that level would put $1.1918 into view as the next published resistance, followed by $1.2465. These are conditional chart reference points, not forecasts that SUI must reach them.
On the downside, a failure to hold $1.0920 would weaken the current constructive daily structure and shift attention to $1.0414. Below that, $0.9776 is the next supplied support. The proximity of $1.0920 to the 20-day EMA at $1.0934 also makes the first support area especially relevant to whether the short-term pullback remains contained.
That leaves SUI in a relatively narrow decision zone. The market has not yet confirmed a breakout above resistance, but neither has it lost the nearest support that would more clearly challenge the daily trend.
SUI price outlook: the throughput headline has not yet created a token-demand catalyst
The direct answer to why 40.6 million TPS has not moved SUI higher is that the figure does not represent ordinary Sui mainnet throughput. Sui’s own announcement says it came from Sui Tunnels, whose off-chain channels settle to mainnet when closed. The result may demonstrate a scaling capability, but it is not equivalent to 40.6 million base-layer transactions requiring conventional on-chain execution.
The Google Cloud premise is similarly unsupported by the available record. Google Cloud’s own product page documents Ethereum support rather than Sui and says its Blockchain RPC and Blockchain Node Engine offerings will close in December 2026. The available evidence therefore does not support treating Google Cloud as a current SUI-specific price catalyst.
There is a further token-demand complication. Sui’s gasless stablecoin-transfer upgrade allows supported stablecoins to be transferred without users holding SUI for gas. As Sui Foundation described, the feature can improve payment usability, yet it can also reduce direct demand for SUI as a fee asset. Greater network utility and immediate token demand do not necessarily move in lockstep.
For this SUI price prediction, the near-term case is consequently technical rather than headline-driven. A hold above $1.0920 followed by a break through $1.1613 would strengthen the bullish argument, with $1.1918 and $1.2465 the next published resistance points. Improvement in the currently negative MACD relationship would add support to that scenario.
Conversely, a loss of $1.0920 alongside continued negative MACD momentum would weaken the setup, exposing $1.0414 and then $0.9776 as the next supplied supports. Although the 40.6M TPS result is a notable infrastructure claim, the October 7-to-8 decline shows that it has not, by itself, generated the buying pressure needed to resolve SUI’s immediate range higher.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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