Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
SOL and SUI Buck the Trend, Posting Gains Despite Bitcoin’s Lull

SOL and SUI Buck the Trend, Posting Gains Despite Bitcoin’s Lull

CoinEditionCoinEdition2025/02/19 16:00
By:Parth Dubey

Bitcoin is currently retesting the resistance at the 20-day EMA. SUI and SOL skyrocketed 7% and 3% in the past 24 hours as BTC touched $97K. Grayscale announced the Grayscale Sui Trust, providing clients exposure to SUI.

  • Bitcoin is currently retesting the resistance at the 20-day EMA.
  • SUI and SOL skyrocketed 7% and 3% in the past 24 hours as BTC touched $97K.
  • Grayscale announced the Grayscale Sui Trust, providing clients exposure to SUI.

Bitcoin (BTC) is once again eyeing the $2 trillion valuation, despite stiff resistance at the $100,000 price level. In the past day, the digital asset jumped from $93,000 to $97,000 at the time of publication, trying to reclaim the $100K milestone. With a dominance of above 60%, BTC leads the market, outpacing the altcoin rally. 

According to CoinMarketCap data , the nearest resistance for Bitcoin is $97,516, the 20-day Exponential Moving Average (EMA). 

While the cryptocurrency tried to push above the resistance, the buying volume wasn’t high enough to put the digital asset on a path above $100,000. The sector leader hit its all-time high over a month ago and has since remained relatively flat. 

On the other hand, analyst Ali Martinez highlighted in an X (formerly Twitter) post that the TD Sequential indicator for the Bitcoin price action on the 4-hour chart has shown a sell signal. This means the bears are taking over and investors could soon see Bitcoin drop towards $93,000 in the short term.

Related: XRP Whales Continue Accumulation Spree, 20 Million More Added

Altcoins on the Move: SOL and SUI

SUI and SOL Turn Bullish

Meanwhile, SOL turned bullish, currently trading at $172.03, up 3% in the past day. The digital asset is currently retesting the lower band of the Bollinger Bands which stands at $167.85. 

If this support holds, the cryptocurrency could aim for the $200 price tag in the near future, testing the resistance at the $219 upper band.

SOL and SUI Buck the Trend, Posting Gains Despite Bitcoin’s Lull image 0 SOL and SUI Buck the Trend, Posting Gains Despite Bitcoin’s Lull image 1

SUI also jumped a massive 7% in the past 24 hours, trading at $3.35. This surge was a result of digital asset management firm Grayscale announcing the Grayscale Sui Trust which aims to provide customers exposure to the altcoin.

SOL and SUI Buck the Trend, Posting Gains Despite Bitcoin’s Lull image 2 SOL and SUI Buck the Trend, Posting Gains Despite Bitcoin’s Lull image 3

Related: Altcoin Season MIA? Raoul Pal Reveals Crypto Portfolio, Puts Sui Ahead of Solana

Meanwhile, the Relative Strength Index (RSI) reads a value of 43.84 for the SUI price action, which suggests neutral to bearish momentum. However, the upward slope of the line suggests a surge in buying volume.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!