Sui Network Faces Five-Hour Outage, SUI Token Drops 5.4%
- Network Outage Impact: The Sui Network experienced a network stall lasting over five hours on Thursday, halting transactions until engineers rolled out a fix to validators by 3:40 p.m., marking the second major outage in five months and potentially undermining investor confidence further.
- Token Price Fluctuation: During the outage, the SUI token dropped 5.4% to $0.92, a decline that outpaced losses seen in Bitcoin and Ethereum, reflecting growing market concerns about the network's reliability amidst ongoing technical issues.
- Market Context Pressure: Despite reaching an all-time high of $5.35 in January 2025, SUI has since fallen over 82%, and this outage could negatively impact its short-term market performance, particularly as ETFs launched in traditional finance continue to operate.
- Technical Challenges and Future: Developed by Mysten Labs, Sui was designed for speed and scalability, yet repeated outages raise questions about its long-term credibility, placing increasing pressure on validators and developers to effectively address these technical challenges to restore market trust.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000882 | 0.00163 | 0.00215 | 0.0029 | 0.00342 | 0.00416 | 0.00469 |
| Fibonacci | 0.00163 | 0.00211 | 0.00241 | 0.0029 | 0.00338 | 0.00368 | 0.00416 |
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