-8.65% for Sui as Sui blockchain mainnet outages drive sell-off

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Sui drops 8.65% today amid outages

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Jose Antonio Gastelum

Yesterday

-8.65% for Sui as Sui blockchain mainnet outages drive sell-off — Sui drops 8.65% today amid outages

Sui (SUI) is trading at $0.8028, down 8.65% for the day and holding below its key moving averages. The token remains under pronounced short-term and long-term pressure amid ongoing volatility.

SUI price prediction

24H -0.32%

$0.7876

48H -1.53%

$0.778

7D -15.64%

$0.6665

1M 6.21%

$0.8392

3M 47.27%

$1.1636

6M 48.13%

$1.1704

12M 27.62%

$1.0083

Detailed

Current price: $ 0.7901 -0.0212 2.61%

Real-time Data 16:22

Daily range 0.759

0.8298

Weekly range 0.7904

0.9387

Highlights

Sui blockchain experienced over 15 hours of mainnet downtime due to software bugs in its v1.72 upgrade, causing operational concerns.
Although user funds remained safe and services have resumed, repeated outages have elevated risk perceptions among crypto market participants.
SUI trades under major moving averages with pronounced bearish momentum, likely to remain volatile within the $0.72–$0.93 range amid limited upside probability.

Outages trigger caution as software bugs expose network risks

The Sui blockchain recently faced three separate mainnet outages over May 28–29, 2026, totaling more than 15 hours of downtime. The disruptions were traced to software bugs introduced with the v1.72 upgrade, specifically affecting gas calculation and validator synchronization, as detailed in post-mortems from the Sui Foundation. While no user funds were lost and network functionality has now been restored following a major upgrade, the incidents underscore operational vulnerabilities and have contributed to heightened caution among market participants.

Negative momentum prevails as SUI tests oversold technicals

SUI is trading well below the MA-20 ($1.0294), MA-50 ($1.0037), and MA-200 ($1,202.90). The Ichimoku Kijun level is at $1.1362, positioning this price as immediate resistance. Oscillator readings show RSI at 34.41 and CCI at -142.89, both near oversold territory, and the Stoch RSI signals oversold conditions as well. The BBP at -0.0642 points to continued seller dominance, while the MACD and AO confirm prevailing negative momentum. No significant gap occurred at the open (yesterday's close: $0.8788, today's open: $0.8789), and the price is currently trading near session lows in a high-volatility, downward-trending session.

Rangebound trading likely as downside risk dampens bullish odds

For the short term, SUI is expected to trade within a $0.7200–$0.9300 volatility band relative to current levels. The probability of a near-term price increase remains under 20%, given ongoing downside risk signaled by weekly trend data. Price action is most likely to continue sideways within this range; a sustainable upward reversal would require breaking above the $1.14 resistance zone, while a failure to hold $0.72 could result in further declines.

Anton Kharitonov, expert at Traders Union, sees SUI trading under significant technical pressure below its key moving averages. He notes that recent mainnet outages highlight persistent operational risk and reinforce negative market sentiment. In his view, sideways movement within the $0.7200–$0.9300 band is the base case, with limited recovery prospects until resistance at $1.14 is broken. "I remain cautious — as long as SUI trades below major resistance and operational confidence is shaky, there’s no clear setup for sustained upside."

Previously it was reported that Sui was grappling with persistent bearish momentum and mounting reliability concerns following repeated network outages. Recent developments reinforce a cautious outlook, as operational vulnerabilities now weigh more heavily on sentiment, making the $0.72 support level a critical area to monitor for signs of further downside risk.

Source of Data: SUI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.