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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & SUI – American Wrap 20 February

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & SUI – American Wrap 20 February
FXStreet TeamFXStreet TeamFXStreet

Bitcoin and Ethereum compete for DeFi liquidity, while Solana faces rug pulls

Solana (SOL) is down over 40% from its peak of $295.83, trading to $172.98 on Thursday at the time of writing. The Ethereum competitor led Bitcoin bull market gains in 2024. However, recent developments have eclipsed the gains in the SOL ecosystem. 

Ethereum

Sui Price Forecast: SUI technical outlook hints at a possible double-bottom formation

Sui (SUI) price action hints at a double-bottom technical formation, which tends to be followed by a bullish move. The Coinglass long-to-short ratio for SUI stands above one and rises, indicating more traders are betting for a rally in SUI.

SUI/USDT daily chart

Bitcoin Price Forecast: BTC consolidation continues as market prepares for the next major move

Bitcoin (BTC) has been consolidating between $94,000 and $100,000 since February 5. Glassnode reports weakening capital inflows and declining derivatives activity, with short-term holder accumulation resembling challenging market conditions. 

Market: Top assets price performance 30-day chart. Source: Glassnode
 

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