Solana Downside: $120 Support Level in Sight
Solana has been a top performer in the rising crypto market for the last few months, showcasing promising gains. However, the start of October has been devastating for SOL, as high selling pressures led to a 7.4% overnight decline, causing it to lose the critical $145 support level.
Analysts predict that the bear market could significantly impact Solana, potentially driving its price down to the $120 level. While a rebound is possible, given the historical bullish sentiment in Q4, investors are likely to wait for a local bottom before re-entering Solana (SOL). They will be looking for improvements in the Relative Strength Index (RSI) and other bullish indicators in the upcoming weeks.
- Current Price: SOL experiencing a 7.4% decline.
- Critical Support Level: $145 breached.
- Potential Downside Target: $120.
NEAR Protocol Outflows Lead to 8.8% Price Drop
Near Protocol surged in the last days of September, driven by positive news about NVIDIA stocks and its sharding technology implementation. Despite the hyped community sentiment, profit-taking in other leading cryptos led to a bearish trend for NEAR, resulting in its price breaching the $5 support level.
Currently, bullish forces have yet to reclaim dominance, and analysts expect a mid-term bearish sentiment for Near Protocol. After an 8.86% drop in the last 24 hours, NEAR is anticipated to hit the $4 support level if the bearish trends persist, especially without sufficient whale support in the upcoming days.
- Price Drop: NEAR experiences an 8.86% decrease.
- Key Support Level: Breached $5; targeting $4 next.
- Market Sentiment: Mid-term bearish outlook anticipated.
DTX Exchange Yields Leading Gains After VulcanX Debut
DTX Exchange (DTX) is emerging as a standout performer in the 2024 crypto market, leading the presale sector with its advanced technologies and unique features. This project focuses on launching a cutting-edge trading platform that offers end-to-end solutions. Following its record-breaking 10,000 TPS testnet performance, DTX Exchange is set to become one of the biggest exchanges ready to launch.
The high global demand for DTX Exchange has enabled it to raise an impressive $3.5 million in batch 3 of its public presale. The platform supports over 120,000 digital assets, including stocks, cryptocurrencies, forex, and equities, with leverage up to 1000x. This groundbreaking offering encourages traders to invest significantly in DTX Exchange to capitalize on potential gains and implement passive income strategies.
- Record TPS Performance: Achieved 10,000 TPS.
- Funds Raised: $3.5 million in presale batch 3.
- Digital Asset Support: Over 120,000 assets, including various trading options.
- Trading Features: Leverage up to 1000x, low transaction fees, and hybrid trading models.
DTX Exchange boasts an impressive blockchain tech stack, with transaction speeds of 0.04 seconds and minimal gas fees through VulcanX protocols. With trading APIs, real-time market analytics, and AI-backed automation strategies, traders are increasingly drawn to DTX tokens priced at $0.06, with projections indicating they could skyrocket to $1 after centralized exchange listings by the end of 2024.
Conclusion
DTX Exchange is rapidly outpacing competitors like Near Protocol and Solana, thanks to its cutting-edge technology and record-breaking testnet achievements. Amid selling pressures for leading cryptocurrencies, DTX Exchange continues to draw significant whale interest. With 75% of presale batch 3 already sold out, investors are seizing the opportunity to buy in early and secure substantial returns in 2024 following the mainnet launch of DTX Exchange.
Ecosystem
Research
News Network
About