Over the past few days, the price of top altcoins like Solana (SOL) and Ethereum (ETH) has been fluctuating around a narrow range after a massive downtrend. Nevertheless, there is a new giant in the crypto market known as DTX Exchange (DTX).
This DeFi coin has shocked the market by reaching an increase of 700%, which is much higher than any other cryptocurrencies. DTX Exchange is a game changer that could surpass Solana’s price performance in the coming weeks. On the other hand, analysts forecast the Ethereum price could climb to $6k in the coming months.
Solana (SOL) Might Pump To $565 If History Repeats Itself
A popular analyst known as Trader Tardigrade has pointed out a bullish recurring pattern for Solana (SOL). According to him, the Solana price has been following an ascending triangle pattern before each of its price surges. Historically, every time the Solana price breaks out and hits the Fibonacci 2.618 level, it indicates the bulls’ strong momentum.
Meanwhile, Tardigrade says the current ascending triangle is more than halfway through. So, the Solana price is likely to start another major uptrend soon. A breakout is expected in the near future with the target at $565 which may lead to a further increase for the Solana price.
If the bullish trend continues, the Solana price could climb to $1k in the subsequent months. In the meantime, the altcoin is trading between $189.52 and $218.99 on the weekly timeframe. CoinMarketCap data shows the Solana price has risen by 3.8% in the weekly timeframe. However, the DeFi crypto is still bearish on the weekly and monthly timeframes.
Ethereum’s (ETH) Faces Major Resistance Levels On Road To New High
In a recent tweet, Ali Martinez revealed the Ethereum price could surge to $3k or $4k in the coming weeks depending on the movement of the makers. According to the analyst, the Ethereum price must surpass the $2.6k mark first. CoinMarketCap data indicates the value of the Ethereum price has seen a small uptick of 5.7% in the weekly timeframe.
The altcoin has crossed the $2.6k level highlighted by Ali. However, the sentiment surrounding the cryptocurrency remains bearish. The Fear and Greed Index is in the Greed region which means that bears are in control of the market.
Also, the Ethereum price is trading below the 200-SMA ($3,066.28), which might act as resistance in the case of an uptrend. On the bright side, Friedrich says that the Ethereum price could skyrocket in the coming days if it crosses the $2850-3000 level. Also, Crypto Gems posted an Ethereum price prediction of $6k.
DTX Exchange (DTX) Gains Momentum For Unique Approach
DTX Exchange (DTX) has become a force to reckon with in the trading market. It is the first DeFi project that seeks to bridge the world of TradFi and DeFi, offering users the best of both worlds. During the past few months, the platform gained more than 500,000 users and sold out seven stages of its crypto ICO. This trend only persisted, and DTX Exchange reached 550K+ holders, which proves that there is a demand for such a trading platform.
Many factors have led to this high adoption rate. The first is the platform’s multi-asset trading ecosystem. DTX Exchange offers more than 120,000 trading instruments, such as stocks, cryptocurrencies, bonds, and others, which allows users to diversify their investment portfolios.
The Phoenix Wallet also contributes to the uptrend by providing safe storage and management for various asset types. The platform has attracted more than $13.7 million in presale from active users who are bullish about its potential. Smart investors are currently getting the DTX coin at $0.16 for potential 20x gains in the future.
Why DTX is the Best Crypto To Buy Today
The Solana price could skyrocket to $565 in the coming weeks if history repeats itself. However, the DTX Exchange is expected to give more gains in the future based on its low market cap and growing investors’ interest. Those who buy the coin could see up to 20x returns.
Find out more information about DTX Exchange (DTX) by visiting the links below:
