DTX Exchange (DTX) and Solana (SOL) are among the two hot cryptos active in the market right now. Investors have shown increased interest in these projects after they regained momentum following a short-term bearish sentiment circulating in the market. As of today, DTX Exchange (DTX) has posted $8.78 million raised in its ongoing presale at $0.10 per token.
Solana (SOL) Performance Analysis & Future Outlook
Solana (SOL) is attempting a recovery as it looks to rebound from the 20-day SMA and push towards $250-$260. The Ethereum killer encountered significant volatility over the past few sessions as prices rose and dipped significantly. SOL reached $239 last Monday after registering an increase of 1.04%.
However, it fell back on Tuesday after a significant uptick in selling pressure and volatility. As a result, SOL dropped 0.89% on Tuesday and 0.97% on Wednesday to settle at $235. Bullish sentiment returned on Thursday, and SOL rallied by almost 9% to surge past $250 and settle at $256.
Solana is currently consolidating below its previous all-time high of $259, with a 2.5% increase in the last 24 hours, bringing the price to $250. Last week, Solana made a new all-time high of $263, leading many market commentators to applaud the comeback that Solana has made since the bear market lows, where Solana touched the $8 mark.
Source: TradingView
Solana (SOL) Technical Indicators
However, SOL could not go above $260 on Friday and registered only a marginal increase after facing significant volatility. Buyers attempted to go above $260 on Saturday, reaching an intraday high of $264 before losing momentum. As a result, sellers took over and drove SOL down by 0.78% to $254.
Selling pressure intensified on Sunday as SOL dropped to an intraday low of $241 before recovering and settling at $252, registering a drop of 0.83%. Bearish sentiment intensified on Monday as SOL plummeted by 7.36%, slipping below $250 and settling at $234.
Sellers continued to exert influence on Tuesday as SOL plummeted to a low of $221, briefly going below the 20-day SMA. However, it recovered from this level to go past the 20-day SMA and settle at $230. The current session sees SOL up by 1.57% and trading at $234.
This Six-Figure Presale Powerhouse Could Make You a Millionaire!
DTX Exchange (DTX) has surpassed the $8 million milestone to become one of the biggest ICOs of the year. As a top-performing ERC-20 token, the platform has experienced a high influx of new investors showing interest in becoming a part of the DTX family. As of November 2024, DTX Exchange (DTX) boasts a 160,000-member community with more joining every day.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
As the only hybrid exchange that offers stocks, cryptos, and forex trading under a unified platform, DTX Exchange (DTX) stands as the cutting-edge Ethereum-based deFi project to bring in massive gains and benefits for its traders and holders. Also, the holders are entitled to reduced trading fees, governance votes, and potential airdrops in the future.
DTX Exchange Announces 100% Extra Bonus On Any Deposit
The platform’s rising adoption among savvy investors and retail traders has allowed the platform to reward its traders with a generous offer. DTX Exchange (DTX) is offering a mind-boggling 100% extra on any deposit for a limited amount of time. Through this exclusive offer, traders who plan on scoring massive gains can avail high-ticket profits and enticing benefits.
While Solana (SOL) is a strong contender in the crypto market, DTX Exchange (DTX) has also developed a strong reputation as the top-performing crypto under $1 since its presale success. If you haven’t already invested in this emerging deFi project, sign up today and claim huge profits through DTX Exchange’s hybrid trading model. Join now!
