Analysis of Sui Network's Mainnet Failures and Impact
- Frequent Mainnet Failures: Sui Network faced three mainnet outages within three days due to a conflict between the newly launched v1.72 version's 'address balances' feature and the existing transaction fee mechanism, directly impacting the market performance of the SUI token.
- Token Price Plummet: The SUI token's price dropped to approximately $0.90, a critical support level, depreciating by 37% over the past 20 days, with around $2 million in liquidations due to poor market sentiment and automated stop-loss actions, indicating a lack of confidence in its future.
- Rapid Technical Fixes: Following the outages, engineers quickly implemented emergency fixes, restoring the mainnet within two days; however, this marks the second significant shutdown of Sui's mainnet in 2026, highlighting the risks associated with software upgrades.
- Uncertain Market Outlook: Although recent technical adjustments may stabilize the market, the SUI token faces challenges at short-term resistance levels around $1.00 and $1.1381, with potential new lows targeting the $0.75-$0.80 range if the decline continues, leaving investor confidence fragile.
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Technical Analysis for SUI
Technical Sentiment Analysis for Sui (SUI). As of , Sui (SUI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SUI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SUI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sui (SUI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.428 | 0.588 | 0.739 | 0.898 | 1.049 | 1.209 | 1.359 |
| Fibonacci | 0.588 | 0.707 | 0.78 | 0.898 | 1.017 | 1.09 | 1.209 |
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