SUI (SUI)

$SUI SUI continues to recover from the June low, with the current structure favoring a larger corrective rally. Leading Scenario: The preferred view is that SUI has completed its 5-wave decline and is now building a larger wave 2 recovery. A break above the $0.73-$0.78 resistance zone would open the door toward $0.95-$1.20. Risk Scenario: The current rally is still only a 3-wave move. A break below $0.65 would invalidate the recovery scenario and shift the focus directly to $0.49. Key Support Levels: $0.65 / $0.49 Key Resistance Levels: $0.73-$0.78 / $0.95-$1.20 / $1.38-$1.73 Bottom Line: The underlying expectation remains for a larger July recovery. A break above $0.78 would significantly strengthen the case for a move toward the next resistance zone around $0.95-$1.20.

Sui has reached 4.6M transactions per second and becomes the second fastest blockchain after Qubic (15M TPS).

Tomorrow most people are buying fireworks and packing coolers. Crypto Twitter is logging in with an email to spam sponsored transactions through a Sui tunnel. All for a million TPS mainnet test.

🚨 BREAKING: @SuiNetwork's July 4 stress test peaked at over 6 #million transactions per second through off-chain tunnels anchored to the #mainnet.

BREAKING: Sui’s July 4 stress test peaked above 6 million transactions per second through off-chain tunnels anchored on mainnet. The tunnels are Mysten’s programmable Lightning analogue, settling proofs back to Sui. https://t.co/ER7ZOPr27C