Key Insights:
- Sui Foundation said that all issues have now been fixed, and no user funds were affected during the mainnet halts.
- Despite the disruption pushing Sui price down 14% over the week, experts remain bullish over improving network fundamentals.
- Market analysts view the current $0.60 to $0.90 range as a potential accumulation zone, with long-term targets of $5 and $10.
SUI price remained under pressure after the Sui blockchain experienced three separate mainnet outages last week, raising questions about network reliability and operational resilience.
The token traded near $0.88 after losing approximately 14% over the week. Despite the decline, some market analysts continue monitoring the current range as a key support area while the network resumes normal operations.
Sui Foundation Details Cause of Network Outages
The Sui Foundation said two separate software bugs introduced in the v1.72 upgrade caused the disruptions.
According to the foundation, the first two outages stemmed from a gas-charging bug linked to the newly introduced address-balances feature. Developers later deployed an interim fix to address the issue.
The third interruption occurred when validators restarted the network to install the update. During that process, the team discovered a separate bug involving the preservation of randomness settings after a restart.
The foundation said validators have resolved both issues and restored normal network operations.
It also stated that no user funds were affected and that no finalized transactions were reversed during the incidents.
In response, developers implemented an additional mechanism designed to close stalled epochs automatically and improve network resilience during future recovery events.
Expert Says SUI Price IS Forming the Bottom
Popular analyst Michael van de Poppe explained reasons why now is the time to add Sui to the altcoin portfolio. As per him, the market is mispricing SUI despite a stronger fundamental growth in comparison to other altcoins.
The analyst highlighted several developments within the Sui ecosystem. This includes the ability for users to generate yield on their Bitcoin holdings through Hashi, expanded market creation capabilities via DeepBook, and the network’s support for free transactions.
Poppe also stated that zero-cost transactions could make Sui particularly attractive for AI agents. He also pointed to the launch of the USDSui stablecoin, which can drive further ecosystem growth and transaction activity on the Sui blockchain.
As per the analyst, SUI remains significantly undervalued based on its long-term potential, and expects a strong price appreciation ahead. From a technical perspective, the analyst added that SUI is currently trading near a higher timeframe support zone. He suggested that the recent weakness across the altcoin market could present an accumulation opportunity for long term investors.
Can SUI Price Rally All the Way to $10?
Another analyst, Crypto Patel, believes that SUI continues to see steady accumulation despite the lack of significant market attention or major price rallies.
According to the analyst, the current accumulation zone lies between the SUI price of $0.60 and $0.90. He suggested that the token could be positioned for a larger long-term move as buying activity continues to build gradually.
Crypto Patel outlined long-term price targets of $5, $10, and $20 for SUI. As per the analyst, if adoption and ecosystem growth continue to expand, the SUI price could see substantial upside.
He added that investors could benefit from accumulating before broader market participation increases.
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