Sui Network Faces Major Outage Again: SUI Price Drops

Sui mainnet stalled two days in a row due to a bug in v1.72. SUI price drops 3.21% as bearish signals dominate technical indicators.

The Sui Network has had a rough week. The blockchain suffered back-to-back mainnet stalls on two consecutive days. 

Wu Blockchain reported the disruption, noting that the Sui mainnet had been in a major outage state for two straight days. 

Sui’s official X account confirmed the situation, stating that network activity had been temporarily paused. The blockchain explorer further showed that no new blocks were produced for over an hour during the stall.

Sui Mainnet Stalls Two Days Running

The trouble started with the 1.72 release, which introduced a new feature called Address Balances. According to Sui’s official update, this release interacted poorly with the network’s existing gas charging logic, triggering the first stall. 

The Core team moved quickly, rolling out an interim fix designed to restore functionality while a permanent solution was being developed.

However, the interim fix came with a caveat. The team acknowledged it carried a known low-probability risk of triggering another halt under specific conditions. 

On the second day, the network hit exactly that scenario. A variant of the original bug caused a fresh stall, halting transactions once again and raising concerns about network reliability.

Sui’s Core team responded swiftly. Validators deployed a long-term fix that fully addressed the underlying issues tied to the original bug. 

After the patch went live, Sui’s official account confirmed that transactions were flowing normally again. The team also stated that a more detailed incident review would follow.

SUI Price Feels the Heat

The consecutive outages did not go unnoticed in the market. 

According to data from CoinGecko at press time, SUI is trading at $0.9091. This reflects a 3.21% decline in the past 24 hours. Over the past week, the token has shed 16.65%, pointing to sustained selling pressure beyond just the outage news.

As earlier reported by LiveBitcoinNews, the mainnet stall brought fresh scrutiny to SUI’s price levels near key support. 

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The token was already testing the critical $0.90 zone before the second outage struck, making the timing particularly unfavorable for investor sentiment.

Technical Indicators Paint a Bearish Picture

The broader technical outlook for SUI adds to the concern. 

CoinCodex data shows 27 technical indicators currently signaling bearish conditions, with only 3 pointing bullish. The Relative Strength Index stands at 38.37, placing SUI in neutral territory but edging closer to the oversold threshold.

Support levels based on today’s classical pivot point sit at $0.9031, $0.8785, and $0.8501. On the upside, resistance levels are at $0.9562, $0.9847, and $1.01.

Looking further ahead, SUI’s short-term 50-day SMA is projected to reach $0.8747 by June 28, 2026. The 200-day SMA is expected to hit $1.09 around the same period, suggesting the broader trend still carries some longer-term weight.

For now, all eyes remain on how the Sui team handles the promised incident review and whether the network can rebuild confidence after two disruptive days.

The post Sui Network Faces Major Outage Again: SUI Price Drops appeared first on Live Bitcoin News.