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With Solana facing strong bearish pressure and investors liquidating their SOL positions due to continuous stop-loss hits, they are now looking for the next big opportunity in crypto. Meanwhile, a new low-cap altcoin, DTX Exchange, is stealing the spotlight, raising $13.55 million, and is gearing up for Coinbase listing in May.
Experts predict a rally similar to the Solana price of 2021, making DTX the favorite choice for momentum investors. Let’s investigate this viral $0.16 altcoin.
Solana Price Tumbles: Is SOL Heading to $150 Support?
Solana price has pulled back after soaring to a new all-time high of $295.83 as its meme coin ecosystem and the broader crypto market lose strength. The launch of TRUMP meme coin had hit a record in the Solana ecosystem by outperforming greats like Ethereum. However, the market correction dropped Solana price close to 34%, thus falling below the $200 mark.
Source: CoinMarketCap
According to CoinMarketCap, SOL's total market cap declined from over $125.16 billion in January to $94.30 billion. On the daily chart, Solana price traded below the crucial 50-day and 25-day moving averages. Further reinforcement of bearish sentiment cements the double top reversal pattern on the weekly chart. The pattern has a neckline drawn at $175, and a confirmed drop below this neckline will mean an extension towards the downside.
The Relative Strength Index shows value at 38, indicating that the market is neutral as SOL is at present in the consolidation zone. Technical analysis also highlights the $180 and $170 levels as the nearest support, where the Solana price might see demand at those levels. On the upside, $200 and $220 will be the key barriers.
DTX Exchange: Next Giant In the Crypto World
DTX Exchange has become the center of attention in the current crypto market, which is facing high volatility amid political events. With an exceptional presale performance in the ongoing presale, the DTX token has had a fantastic price spike from $0.02 to $0.16, rising a remarkable 700% in just a few weeks.
With the launch of the first-ever hybrid exchange, DTX Exchange is enhancing security, convenience, and profit opportunities in the trading world. The platform, therefore, offers all of these under one roof by cutting across the traditional financial assets, such as stocks, forex, and commodities, with the modern digital assets, such as crypto and RWAs. The Unified platform will support over 120,000 trading instruments, allowing one to explore different financial markets in a single place.
This decentralized platform ensures that controls move away from large companies to retail traders, who have full authority over their funds and assets. Furthermore, traders do not require any KYC verification at the time of onboarding as the platform has adopted a no-KYC policy.
DTX Exchange’s hybrid protocol runs on the L-1 VulcanX blockchain technology designed specifically for fast and secure trading. In the recent testnet launch, VulcanX achieved an astonishing 200,000 transactions per second, which allows traders to execute orders in just 0.04 seconds.
Final Thoughts
With DTX Exchange rapidly expanding its ecosystem and utility for users, the foundation is set for the next big project. Additionally, the DTX token has already been listed on CoinMarketCap, showing that it will launch on major exchanges like Binance and Coinbase very soon.
With a packed roadmap and strong community backing—over 1.2 million before launch—DTX could follow the trajectory of projects like Solana. If DTX Exchange continues its expansion, the token price of $0.16 could surge to $10.72, a surge of 6,600% in just a few months of launch. Investors looking for long-term profit growth in the crypto market should consider analyzing DTX Exchange at its current price before the stage is sold out.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
