Sui, the Layer-1 blockchain built for high-throughput decentralized applications, has crossed 4.5 billion cumulative transactions, according to data from blockchain analytics platform Chainspect. This milestone underscores the network's active usage, covering all transfers, smart contract interactions, and dApp activity since its genesis. The steady addition of hundreds of millions of transactions in recent months signals ongoing developer traction and genuine on-chain engagement.
The native SUI token edged up 1.33% to around $0.7634 at the time of the initial report, and has since extended gains to $0.768, a 2.2% daily rise. Over the past week, SUI added 5.4%, and it climbed 9.2% across the last month, suggesting a gradual return of buying pressure after an extended consolidation phase.
From a technical perspective, SUI is now testing a crucial resistance near $0.80. Several widely followed indicators are aligning: the Relative Strength Index (RSI) has strengthened without entering overbought territory, and the Moving Average Convergence Divergence (MACD) is approaching a bullish crossover. Bollinger Bands have compressed after consolidation, a pattern that often precedes a sharp price move. A clear break above $0.80 would confirm a range breakout and could shift market structure in favor of buyers.
On the downside, support holds at $0.75, and a deeper floor sits near $0.70 and $0.68. While the transaction milestone highlights Sui’s growing technical footprint, its token price remains sensitive to broader altcoin sentiment and Layer-1 competition. The combination of fundamental network growth and improving chart signals keeps traders focused on whether SUI can convert accumulation into a sustained uptrend.
