Dual Network Outages Destroy Price Structural Footing

• • The daily chart shows a broken macro climbing structure, while the 1-hour chart records selling pressure without a strong base post-network outage incident.
• • Infrastructure reliability is questioned again on May 28-29, 2026, following a nearly six-hour network outage due to a bug in the latest update, triggering a sell-off.

The reliability of this Layer-1 infrastructure is seriously questioned again by smart money. News reports on May 28-29, 2026, confirmed the SUI mainnet experienced an outage for nearly six full hours due to a gas calculation logic bug in the 1.72 update release. This second significant downtime in 2026 froze transactions and forced DeFi protocols to abruptly halt activities, instantly triggering panic selling from retail and institutional speculators. Technically, the effect of this trust crisis is poured brutally on screen. On the daily (1D) chart, the price plunged leaving its consolidation area, printing a thick red candle that pierces the support line. On the 1-hour (1H) chart, movement is extremely weak and limps at the $0.9254 equilibrium without meaningful buy volume absorption. The inability to maintain uptime triggers a macro sentiment shift projected to continue pressing the asset into a liquidity abyss, aiming for a weakness target at $0.85 with the nearest recovery resistance capped at the $0.95 ceiling over the next 3 days.

Base layer networks sometimes recover fast thanks to emergency developer hotfixes. If smart money responds to this discount point with massive buying until the price rebounds breaking the $0.98 watch wall, the downtrend will be invalidated.