Sui processed 11.6 million transactions in a single day, highlighting network activity as its native token, SUI, approaches a critical support zone around $1. The network handled 11,609,583 transactions at an average of 134 transactions per second (TPS), marking its busiest day of the past week. Meanwhile, crypto analyst Giannis Andreou outlined a potential recovery scenario for the SUI price targeting $8 by 2029. However, the outlook depends on SUI defending support and reclaiming several resistance levels.
Sui Network Activity Reaches a Weekly High
According to Chainspect, Sui processed 11,609,583 transactions in a single day, averaging 134 TPS. The reading marked its busiest day over the previous seven-day period.
The figure highlights Sui’s transaction-processing activity, but one busy day does not confirm sustained adoption. Additional data on active addresses, decentralized applications, and transaction trends would help determine whether network usage is growing consistently.
Source: Chianspect’s X Post
For SUI holders, continued network activity could provide useful ecosystem context. However, transaction counts alone do not establish stronger token demand or guarantee a price recovery.
Also Read: Sui Foundation’s $30M DATA Investment Puts SUI Price Outlook in Focus
SUI Price Faces a Critical $1 Support Test
SUI’s prolonged decline has placed the $1 region at the center of Andreou’s recovery scenario. Holding this area could allow buyers to pursue a rebound, while a sustained breakdown would weaken the bullish outlook.
Network activity and token performance do not always move together. A blockchain can process substantial transactions while its native asset faces selling pressure from broader market conditions and investor positioning.
Trading volume, derivatives open interest, and ecosystem metrics would provide additional context on whether SUI is attracting stronger demand alongside its network activity.
Key Resistance Levels Shape SUI’s Recovery Path
Andreou’s weekly chart identifies several resistance levels that SUI must reclaim before a broader recovery can develop.
The first hurdles stand at $1.34 and $1.80, followed by major resistance at $2.35. Breaking these levels could improve the technical structure, although each move would require confirmation.
Source: Giannis Andreou’s X Post
Higher targets include $3.92 and the previous peak near $5.36. These levels could present further challenges as traders reassess their positions during a potential rebound.
A failure to overcome resistance could lead to renewed consolidation. Meanwhile, a weekly breakdown below $1 would undermine the foundation of the recovery scenario.
Giannis Andreou Projects a Long-Term Move Toward $8
Andreou’s outlook extends toward $8 by 2029, provided SUI maintains its support and gradually clears the resistance levels identified on the weekly chart.
The target represents an ambitious long-term scenario rather than a confirmed price destination. Reaching it would require sustained buying demand and progress through multiple technical barriers.
Broader market weakness or continued selling pressure could delay the recovery. The analyst’s projection should therefore be treated as conditional, with the $1 support region remaining central to the thesis.
What Comes Next for NEAR?
SUI’s next important signals include its ability to defend $1, reclaim $1.34, and sustain the network activity reported by Chainspect.
Further growth in transaction activity, active addresses, and ecosystem usage would provide stronger evidence of sustained network engagement. Trading volume could also help clarify whether buyers are gaining momentum.
For now, Sui’s transaction count highlights network activity, while its price structure remains a separate challenge. Holding $1 would preserve the recovery scenario, but reclaiming higher resistance levels is necessary to strengthen the case for Andreou’s $8 target by 2029.
Also Read: Sui Integrates Alibaba Cloud Into Agent Payments as SUI Price Watch $1.40
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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