Solana Price Analysis: Will SOL Break Its Downtrend After Pumpfun Dump, or Will This Rival Steal This Cycle’s Spotlight
by Muhammad Ali
DTX Exchange (DTX) made headlines after it gained traction amid the sudden outflow in the Solana network. Following the selling pressure in the Solana network, the DTX Exchange (DTX) platform experienced a high-volume influx of capital and massive potential investments by crypto whales. This whale activity could ignite a strong rally in DTX Exchange’s ongoing presale.
Analyst Predicts $4,000 As Next Milestone For Solana Price
A prominent crypto analyst has tweeted a bold price prediction for Solana, citing a “cup and handle” chart pattern. According to the analysis, Solana could reach $4,000 soon if the bullish structure materializes. The analyst shared a monthly chart showcasing the formation of a classic “cup and handle” pattern.
The chart suggests that Solana has been consolidating within a critical resistance zone around $260. A breakout from this range could validate the bullish thesis. The prediction assumes Solana will break through its current resistance and rally toward higher Fibonacci extension levels.
Notably, the 1.618 and 1.786 extensions, often used in technical analysis, indicate potential targets of $2,236 and $4,013, respectively. The ultimate price goal of $4,000 represents a staggering 1,861% increase from current levels. The Solana price could skyrocket, driven by growing interest in Solana meme coins like WIF and a potential ETF approval.
Source: TradingView
Grayscale’s recent Solana ETF filing with the SEC has boosted investor enthusiasm, aligning with rising demand across altcoin markets.
Cardano (ADA) Price Movement And Analysis For December
Cardano (ADA) is currently trading at about $1.16, with a little 4.5% increase in the past 24 hours, which has piqued fresh interest in its price path. September 2021 saw Cardano hit its all-time high (ATH) of $3.1, but it has since failed to recover its previous splendor. Despite these challenges, many crypto market analysts believe ADA’s potential to reach notable price levels.
By June 2031, Cardano is anticipated to reach $5.03, a 333% rise from its present value based on forecasts from Changelly and other credible analytics platforms. This is a 612% increase; further forecasts show that ADA could rise to $8.26 by October 2032 and reach an amazing $19.41 by 2035, marking an astounding 1.574.13 % increase from current rates.
These high expectations depend on Cardano’s capacity to surpass challenges like network delays and increased competition from other blockchain systems. These forecasts, which span ten years, emphasize the slow-paced expansion that has defined Cardano’s market success. While such schedules show cautious optimism, investors seeking faster returns could consider other choices.
DTX Exchange (DTX) Among Fastest-Growing Cryptos In 2024
As of December 11, DTX Exchange (DTX) has surpassed $10 Million to become one of the biggest ICOs 2024. This deFi platform is the only exchange that offers stocks, cryptos, and forex trading under a unified hybrid platform. DTX Exchange is the first platform to offer up to 1000x liquidity (leverage for traders).
With various other launches, DTX Exchange (DTX) has already rolled out practical products like ‘Phoenix Wallet’. It is anticipated to enhance its product suite with a Real World Assets (RWA) tokenization platform soon. The platform boasts a 180,000+ community, increasing with each passing day.
DTX Exchange’s Listing On CoinMarketCap Sparks Excitement
Following the success of its skyrocketing presale rally, the DTX Exchange (DTX) has already been listed on the data aggregation platform CoinMarketCap. This could signal an upcoming CEX listing and show the building of consumer trust in the DTX Exchange. Additionally, the listing provides a unified dashboard to review data and platform developments.
As DTX Exchange (DTX) shows signs of a potential breakout following the grand $0.20 listing on one of the leading exchanges, crypto giants like Solana (SOL) and Cardano (ADA) lose investor confidence. Retail traders and institutional investors are increasingly adopting DTX Exchange as their primary platform for crypto trading, reflecting growing confidence. Join now!
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