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

• 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 c…

The post SOL and SUI Buck the Trend, Posting Gains Despite Bitcoin’s Lull appeared first on Coin Edition.