After Trump’s victory, the crypto market has become bullish, and many coins are thriving in this bullish environment. Traders have made enormous returns with Solana, which has undergone a massive rally after an extended downtrend.
However, as the SOL price corrects, many investors are flocking to the presale of the emerging altcoin DTX Exchange. DTX will soon be listed on Binance, and investors are acquiring the undervalued token early in the presale before it surges by an enormous 12,550% with the Binance listing.
Will Solana (SOL) Regain The Momentum?
In 2021, SOL price surged over 17,200% from $1.5 on 1 January 2021 to $260 at the peak on 6 November 2021. With the recent rally, Solana has crossed this level to create a new All-Time High (ATH) at $263.83. However, the SOL price lost momentum after this breakout from the previous ATH and has been under correction for over two weeks.
Due to this correction, Solana has dropped over 14% and currently trades at $227.41. The SOL price has been moving in a tight range between the $221 and $245 price levels. In the last 24 hours, Solana has plunged over 2.8%, and the price has broken through significant support at $229. Another immediate support level lies near Monday’s low at $225.
Although the SOL price has slowed due to reduced demand, this is expected behavior after the rally. Solana has an excellent chance of continuing the rally if the demand returns. If the SOL price reverses, it will face significant resistance from the resistance levels at $245, $248, and $260. Solana can break above these and replicate the massive 2021 rally if the bulls induce sufficient demand.
DTX Exchange Prepares For Mega Rally
The DTX Exchange is a unique trading platform that aims to address issues faced by investors in conventional trading platforms. It has combined the features of centralized and decentralized exchanges, offering users the best of both worlds.
DTX Exchange is positioned to transform the global trading industry with its hybrid concept. It leverages the Layer-1 blockchain, VulcanX, which integrates traditional financial instruments with DeFi products. This multi-function trading platform hosts over 120,000 trading instruments, such as stocks, ETFs, FX, crypto, etc. Thus, investors can manage all their assets on a single platform.
Users also get up to 1000x leverage on specific assets and thus can make superior gains compared to traditional investors. With this leverage, even with a $500 capital, investors will be eligible for a $500,000 position while still being safe with the platform’s integrated competitive risk management features.
The presale has reached stage 6 and raised over $9.9 million. Early investors who invested in stage one have already made 500% ROI since the initial price of $0.02 has now surged to $0.12. Token holders will continue to profit quickly as the token moves through the presale rounds. Moreover, industry experts’ predictions show a massive ROI for DTX after its listing on Binance.
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