SUI Price Tests $1.90 Support as Market Eyes Recovery Toward $2.10 Level

Key Insights:

  • SUI trades near $1.90 support as buyers aim for recovery toward $2.10 amid growing trading volume and volatility.
  • Mysticeti v2 upgrade boosts Sui’s network to 100,000 TPS, cutting latency by 35% and improving validator efficiency.
  • Rising user activity and new institutional partnerships strengthen Sui’s position as adoption and transactions increase.
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SUI Price Tests $1.90 Support as Market Eyes Recovery Toward $2.10 Level

SUI, the native token of the Sui blockchain, is testing key support near $1.90 as analysts watch for a potential rebound. SUI slipped below the $2.00 mark during a period of increased volatility and higher trading volume. Market analysts are now assessing whether the price can recover toward the resistance zone around $2.10.

Market Consolidation and Short-Term Price Movements

According to market data, SUI has been moving in a consolidation phase after an extended downtrend. Analyst platform BitGuru noted that the token traded sideways before breaking lower, reaching the $1.90 support area. The analysis pointed out that buyers are now attempting to push prices higher toward the next resistance level near $2.10.

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SUI/TetherUS | Source: BitGuru/X

Recent trading activity showed that the SUI’s price fell from an intraday high of $2.03. Volume increased by 180% compared to the daily average, suggesting growing participation near critical price levels. Shorter time-frame charts revealed a possible double-bottom pattern near $1.95, which may indicate a temporary pause in selling pressure.

Network Performance Strengthened by Mysticeti v2 Upgrade

The recent launch of the Mysticeti v2 upgrade has strengthened Sui’s technical foundation. This update introduced a Directed Acyclic Graph, or DAG, architecture to improve transaction processing efficiency. By enabling parallel validation, the upgrade allows the network to achieve a throughput of up to 100,000 transactions per second and reduce transaction latency by 35%.

Validator operations have also become more efficient because redundant cryptographic processes are minimized, cutting CPU usage nearly in half. Following this upgrade, daily transaction counts increased by 153%, reaching 8.4 million. The network also processed a record 58.4 million transactions in a single day, showing its capacity to scale under heavy activity. Sui Intern, another analyst, shared that the chain achieved 1,299 transactions per second, calling it a sign of strong network performance.

Growing Adoption and Institutional Interest

Sui’s ecosystem has expanded as user adoption continues to rise. Daily active addresses have grown by over 35%, supported by DeFi protocols and native USDC integration. New features such as zero-knowledge authentication and sponsored transactions have lowered barriers for entry, helping new users join the network more easily.

Institutional participation has also increased, with the launch of the VanEck Sui ETN and new DeFi partnerships. These developments suggest a growing level of market engagement. As the blockchain continues to enhance scalability and transaction speed, investors remain focused on SUI’s near-term price action.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/analysis/sui-price-tests-1-90-support/