The SUI blockchain network experienced three separate outages over two days, with transaction processing repeatedly dropping to zero. Analysts noted the incidents raised reliability concerns, particularly for DeFi operations. Despite the disruptions, technical analysis suggests SUI’s price is defending a key support zone between $0.81 and $0.97, with some analysts outlining potential long-term price targets.
The SUI network faced three disruptions within 48 hours, raising questions about its operational reliability. Network activity repeatedly fell to zero transactions before recovering to normal levels.
Analyst Whale Factor stated such a pattern could halt DeFi operations and create liquidity issues. He compared the situation to Ethereum’s historical resilience over time.
Data from May 28-30 showed most transactions involved shared objects, while owned object transactions stayed near zero. Network throughput varied between 50 and 70 transactions per second, occasionally exceeding 100.
Despite the infrastructure concerns, some analysts maintain a long-term technical perspective. According to Celal Kucuker, SUI’s price is approaching a crucial support zone.
The support range is identified between $0.81 and $0.97. A break below $0.81 would invalidate the current bullish outlook.
Some analysts have outlined potential upside targets if support holds. The first identified target is $3.87, an area of previous resistance.
Further targets mentioned are $7.33 and a longer-term level of $18.47. These levels are derived from analysis of SUI’s long-term upward trend channel.
