A new DeFi giant is making waves in the crypto market, DTX Exchange (DTX) with its recent price pump, giving investors up to 700% ROI. It has even outshined Shiba Inu (SHIB), the second largest memecoin.
With over $13.5 million raised, DTX might be the game changer that helps investors recover their losses. Its price could soar by 20x in the coming months. Meanwhile, Solana (SOL) is at a crossroads. It is trading in an ascending channel and could soar to $350 or drop to $150.
Solana (SOL) Trades In Ascending Parallel Channel
According to one of the most popular crypto analysts on X, Ali Martinez, Solana (SOL) is trading in an ascending parallel channel. Despite the recent market correction, the cryptocurrency has remained within the channel. Looking ahead, Ali noted that there are two possible scenarios depending on price movement in the coming days.
A breakout from the channel could push the price of the Solana coin to $150. On the other hand, following the channel could push the Solana price to the midline of $280 or the upper part of the channel which is $350. In the meantime, the momentum around the altcoin is mixed. It is uncertain which direction SOL could take.
While technical indicators like the Hull Moving Average (9) and Stoch RSI (14) favor an uptrend, the VWMA (10) and Awesome Oscillator (5, 34) point towards a potential price decline. Meanwhile, CoinMarketCap data shows the value of the Solana crypto has dropped by 15.7% on the weekly timeframe and 8.3% on the monthly level.
Shiba Inu (SHIB) Forming Cup-and-Handle Pattern, Targets $0.000085
Shiba Inu (SHIB) is among the top crypto coins that are fighting to pull a price reversal in the next few days. The memecoin has been under bearish control in the past week. CoinMarketCap data shows its price dropped by 13.9%. Despite the correction, analysts expect the Shiba Inu price to skyrocket in the coming weeks.
One such analyst is CryptooELITES. They posted a chart that showed the Shiba Inu coin has been forming a cup-and-handle pattern over the multi-year timeframe. The trendline for a potential breakout is around the $0.00003117 region. In the case of a successful breakout, CryptooELITES forecasts a first price target of $0.000085171 for the Shiba Inu token.
If bulls maintain the uptrend, they predict SHIB’s value might skyrocket to $0.000183312 and $0.000472905 in the long term. At the moment, CryptooELITES noted that the technical outlook of SHIB is positive. They believe that the Shiba Inu price might skyrocket as Bitcoin’s dominance reduces.
DTX Exchange (DTX) Introduces Multi-Asset and No KYC Trading
DTX Exchange (DTX) is a trading platform that offers multiple asset classes, including cryptocurrencies, stocks, forex, commodities, and ETFs for trading. This approach means that traders can have a wide range of investment options without having to open several accounts with different platforms.
Also, DTX Exchange does not require users to provide their identification details. This allows investors to trade anonymously from anywhere in the world. Meanwhile, the foundation of the exchange is the Layer-1 blockchain called VulcanX which has the capability of processing 200,000 TPS with a transaction speed of 0.4 milliseconds.
This innovative technology helps in achieving a high-performance trading platform, free from latency and providing a better experience to the users. DTX Exchange is currently in the eighth stage of its presale and is priced at $0.16. Given the features listed above, the price of the DTX Exchange could pump by 20x this year.
Why DTX Exchange is the Best Crypto Right Now
While Solana’s (SOL) future remains shaky, DTX Exchange has raised its gains to 700%. Thanks to its advanced trading tools and solid investors’ support, it is gradually turning into the most popular platform for those who want to get the highest profit. Investors who are looking for the next crypto gem can take advantage of the presale to get the DTX token at a low price.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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