The crypto market could experience a price uptick in the coming weeks. Lucky predicts that the Solana price could rally to $340 while Trader Tardigrade expects the DOGE price to hit $1.
In other news, there is a new DeFi project that has emerged as a favorite among investors. With over 700,000 users already on board and $14.8 million raised, DTX Exchange (DTX) has captured the heart of the crypto community. Its price is expected to rise by 20x in the months ahead.
Solana (SOL) Price Plummets on Monthly Level
With a 31.7% decrease on the monthly chart, the Solana coin is among the poorest-performing coins in the market. Data from CoinMarketCap shows the Solana price has been trading between $163.10 and $204.90 in the past week. The upcoming 11.2 million SOL unlock set for March 1 has kept investors on their toes.
Nevertheless, the Fear and Greed Index shows Greed, meaning investors still have an interest in the Solana coin. So, the Solana price might see a little uptick in the next few days. Moreover, Lucky says the Solana price cannot remain at $170 for long. The analyst says the Solana price could rally to $340 in the coming weeks.
With this prediction, the Solana price trajectory looks bright. Even the investment firm VanEck had predicted the Solana price could rally to $520 before the end of the year. In the meantime, investors look forward to the token unlock to see how it affects the Solana price.
Dogecoin (DOGE) About To Form Double Bottom
The DOGE price witnessed a massive pullback recently after meeting with resistance around the $0.28 level. Reacting to the pullback, Trader Tardigrade notes that the DOGE price might form a double-bottom pattern if it witnesses another pullback to the $0.24 level.
According to Trader Tardigrade, the DOGE price had formed a similar low double-bottom pattern in August and September 2024. The DOGE price skyrocketed subsequently after the formation. If the double-bottom pattern occurs now, the analyst says the DOGE price might rally to $1 in the coming months.
In the meantime, CoinMarketCap data shows the DOGE price has dropped by 3.9% on the weekly timeframe and 30.5% on the monthly level. The DOGE price has been consolidating between $0.2437 and $0.2836 in the past week. Although the price movement is bearish, investors’ interest is high. The Fear and Greed Index has shifted from neutral to Greed.
Why Trading With DTX Exchange (DTX) Is The Best Choice
DTX Exchange (DTX) is a new trading platform that combines the features of both CeFi and DeFi trading platforms. DTX Exchange is a platform that is aimed at offering traders an ideal solution for trading with efficiency, speed, low cost, and high liquidity. Also, DTX Exchange offers more than 120,000 asset classes, including cryptocurrencies, stocks, forex, metals, oil, and ETFs.
This diverse selection enables those who are new to trading as well as those who have been trading for a long time to have a diversified portfolio and also to try out different opportunities in the market. Apart from trading, DTX Exchange has the Phoenix Wallet, which is used for the storage and management of assets.
The wallet has been through some security analyses that are strategic, which shows that the platform is secure and credible. DTX Exchange has already demonstrated great potential in its crypto ICO stage, having attracted over $14.8 million. The DeFi token is currently available at $0.18 in the bonus stage. Experts believe it will be one of the top crypto coins, estimating the token to rise by 20x in the following months.
New DeFi Project Rivals Solana and Dogecoin
While Solana and the Dogecoin crypto are preparing for potential uptrends, investors are shifting their focus to a new promising project that is rapidly gaining popularity called DTX Exchange. The current trends indicate that it has potential and this is the right time to invest before the launch.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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