SUI’s Price Surge: A Look at the Reasons Behind its Rise

Sui (SUI) has seen a remarkable surge in price over the past month, soaring over 75% and surpassing $4.00 for the first time since February. This impressive performance is driven by several factors, including record-breaking on-chain data and technical indicators, fueling investor excitement for potentially challenging its all-time high (ATH) of $5.30 within the coming quarter. The integration with Phantom Wallet and events like the Sui Odyssey in Vietnam have further boosted the bullish momentum. Analysts are keen to see if SUI can reach these new heights.