SUI Price Decline Amidst Strong Network Activity
- Price Decline Reasons: The SUI token has fallen approximately 37% over the past 20 days, dropping below the crucial support level of $0.89, while the network continues to process a significant volume of transactions, raising investor concerns about reliability after three outages in less than 48 hours.
- Impact of Network Outages: Between May 28 and 30, Sui experienced three mainnet halts due to a conflict between the Address Balances feature and the gas-charging system during the v1.72 upgrade, leading to approximately $2 million in position closures and further depressing the SUI price.
- Sustained Transaction Activity: Despite the price drop, Sui's network activity remains robust, with complex Shared Object Transactions frequently reaching between 50 and 100 certificates per second, peaking above 100 Cert/sec, highlighting its significance in the DeFi and NFT markets.
- Increased Institutional Participation: Institutional access to Sui is expanding, with the 21Shares Spot SUI ETF trading on Nasdaq since February 2026 and CME Group launching SUI futures on May 29, indicating that while market focus is on network stability, these developments strengthen the investment case.
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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 7 technical signals, shows that 4 indicators are flashing buy, while 3 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 | 0.508 | 0.649 | 0.782 | 0.923 | 1.055 | 1.196 | 1.329 |
| Fibonacci | 0.649 | 0.754 | 0.818 | 0.923 | 1.027 | 1.092 | 1.196 |
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