SUI has recently made headlines by breaking its all-time high, currently trading at $4.17. Sui price rally front ran Bitcoin and the entire market, and as a result, the asset has soared over 740% in the last four months.
It would seem initially that Solana has firmly established itself as the home of DePIN. From Hivemapper to Helium, some of the most well-known DePIN projects are built on this blockchain. But SUI is already becoming Solana’s biggest competitor
Analysts are optimistic that the SUI price is set to outperform Solana, driven by significant partnerships and a rapidly expanding ecosystem.
READ ALSO: Is SUI Crypto Price Going to Flip Solana (SOL)?
Major Integration Fuels Ecosystem Expansion and User Growth
The SUI Network official platform on X made a game-changing announcement, concerning the integration of the Phantom Wallet into the Sui ecosystem. Known for its user-friendly multichain features, Phantom offers everything from native bridges to seamless asset swaps.
This integration is expected to attract new users, enhancing SUI’s utility and accessibility. With millions trusting Phantom, this partnership could be a catalyst for SUI’s continued growth.
Key Technical Breakouts Targets $5.90
Crypto analysts on his YouTube channel known as Conor Kenny did not just attribute the price surge to the strategic integration of Phantom, which is anticipated to onboard a broader user base, he also noted an impressive bounce-off from the previous support levels. This shift has turned resistance into support, fueling a parabolic rise in value.
Technical analysts, stated Key strategies involve back-testing prior resistance levels and clearing Fibonacci zones to reach new highs. Projections suggest further growth towards $4.51 and even $5.90, based on macro swing Fibonacci extensions.
With major partnerships like Phantom and a strong technical foundation, SUI price is set for significant growth in the coming bull run. SUI Network has the potential to outperform established players like Solana.
