Sui Network saw three mainnet halts in 48 hours after a v1.72 upgrade bug, while SUI traded near $0.90 support.
Sui Network faced three mainnet halts between May 28 and May 30 after an upgrade bug disrupted block production.
The outages came as SUI traded near key support levels, adding market pressure during a weak 20-day price move.
Upgrade Bug Disrupts Sui Mainnet
Sui Network reportedly halted three times in less than 48 hours. The issue followed the v1.72 upgrade, which added a new “Address Balances” feature.
The new feature conflicted with the network’s gas charging logic. The conflict appeared during an Epoch Transition and caused block production to freeze.
No user funds were reported lost during the outages. Validators later deployed fixes, and network activity resumed by May 30.
The incident marked Sui’s second major outage of 2026, according to the reported timeline. Both events were linked to bugs from software upgrades.
SUI Price Falls Near Cycle Low
SUI price came under pressure after the mainnet halts. The token broke below $0.89, which was near its current cycle low.
SUI was also down about 37% over 20 days. Around $2 million in long positions were liquidated as traders faced forced exits.
On the SUI/USDT daily chart, SUI traded near $0.9025. The token was down about 0.65% during the viewed session.
The price stayed below the $1.1381 Fibonacci level. This showed that SUI had retraced the previous rally from the charted range.
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Technical Chart Shows Weak Momentum
The broader SUI price structure remained bearish on the daily chart. SUI had fallen from the upper zone near $4.08.
The token also failed to reclaim major resistance zones. A recent bounce toward $1.10 to $1.25 was rejected.
The nearest support area stood between $0.85 and $0.90. Buyers needed to defend that range to avoid deeper losses.
A daily close below $0.85 could expose $0.75 to $0.80. On the upside, resistance sat at $1.00 and $1.1381.
Higher resistance levels were placed at $1.7674, $2.2614, and $2.6084. These levels may matter only after a move above $1.14.
The MACD stayed below the zero line, which showed weak trend strength. The histogram was slightly negative, and buyers had not taken control.
SUI holds near $0.91 as RSI stays weak, source: TradingView.The RSI stood at 36.63, below the neutral 50 level. This showed weak demand, although the token was not deeply oversold.
Sui Network’s quick recovery helped restore activity, but repeated downtime remains under market watch.
The next focus is stability after upgrades, while traders track whether SUI can reclaim $1.00 and $1.1381.
Source: https://www.livebitcoinnews.com/sui-network-faces-three-mainnet-halts-in-48-hours-after-upgrade-bug-hits/
